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Uvuvi Biashara Loan

Monday, November 30, 2015

Uvuvi is a Swahili word meaning the practice of catching fish for own consumption or for commercial purposes. In kenya, the residents of the coastal areas of Diani,Mombasa, Kilifi, Malindi, Lamu, Kiunga and the residents of the Lake Victoria region areas of Kisumu,Siaya,Migingo and Bondo are known to be the biggest fish vendors and fishermen of all time.Fishing as an economic activity once in a while needs financing to enhance its growth
fish vendors in mombasa

The Lender
The Equity Bank of Kenya gives loans to Kenyans doing business in the fishing sector of the Kenyan economy.Traders known as fish vendors
and fishermen are the targeted individuals for the Uvuvi Biashara loan.This loan comes in three categories depending on the borrower's needs.All the uvuvi loan categories are open to all Kenyans even those who are not equity bank customersThey are all secured loans against logbooks, title deeds, guarantors,shares, cash covers among other acceptable propertiesThere is a credit life insurance of 0.275% on all uvuvi loans.
Business loan
This category targets people already in the fishing business.The loan amount borrowed depends on the applicants need and the ability to repay. Interest rate is 12% per annum.
Micro leasing
Targets fishermen who need to get some fishing equipments through leasing. The bank will lease the equipments like boats, drying racks fishing nets, gears among others at an interest rate of 15% per annum up to a maximum of ksh300000.
Asset financing
refrigirated truck

Asset financing targets people in the fishing business line who would like to own assets for example refrigerators or refrigerated trucks among others. Applicants can borrow up to a maximum of kes300000 at an interest rate of 8% per annum.There is joint registration with the bank to make the purchased item part of the collateral needed.

Halifax Financial Services Ltd- Your World Right In Your Hands

Saturday, November 28, 2015

Halifax Financial Services is a financial limited company registered in Kenya offering microfinance solutions to Kenyans, putting in mind even those people residing in remote areas.
Halifax offers a variety of loan services including but not limited to emergency loans, business loans, asset loans and personal loans. Customers have varied wants. Halifax Financial Services will also tailor make a loan for you.They have reduced
greatly in using paperwork. Just apply online through the website below or contact them now.
Help line ; 0729756740
Website ;WWW.halifaxfs.com
Physical location ;
Ojijo Plaza
Off Plums lane
2nd floor
Suite B1
PO Box 5574-00200 Nairobi.

Small-scale farmers Kilimo Biashara loan from Equity Bank

Tuesday, November 24, 2015

Agriculture is the backbone of the kenyan economy.In a bid to support the expansion of this sector, lending institutions have come up with various loan facilities targeting farmers.
Let us step into Equity Bank today.There are a variety of agricultural loan facilities offered by this bank of which today I'll be talking only about  Kilimo Biashara loan for Small-scale farmers. The loan amount ranges from ksh5000 to ksh100000 depending on the borrower's capability to repay.
By now am sure you want to know the type of small-scale farmers targeted.Ok ,this loan is specific in that it only targets small-scale comercial food crop farmers.Its evident now that cash crop farmers or livestock keepers don't belong here.Note that the food crop farmers are limited to small-scale and the loan should only finance the purchase of farm oriented particulars like
agrochemicals,certified seeds or hiring machinery or paying for labour costs but must not be used to finance land leasing or buying. Up to here, its again clear that this loan is not for starters.
Lets now look at the eligibility points for the intended group of farmers for this loan facility i.e small-scale comercial food crop farmers.     
.Borrower must be an active account holder with equity bank
.Loan applicant must demonstrate the ability to repay.Previous successful loan repayment is an added advantage.
.Comercial food crop farmers borrowing must have an experience of atleast one successful season.
.Submission of loan applications should be within a period of one month before the onset of planting season.
.The agriculture group lending policy demands that borrowers must attend group meetings every week for some training on loan management and better farming techniques.
.Farmers must show understanding of the market for the food crop to be financed.
.Borrower must identify input suppliers and get quotations or pro-forma invoices for all the particulars to be financed.
.Loan applicants must provide documentary evidence to show ownership of land/farm or lease agreement signed and witnesed by a lawyer covering not less than two future seasons.
.The bank demands that farmers demonstrate existence of other sources of income that could be utilised for loan repayment incase of crop failure, loss of harvest or poor marketing due to any factor like adverse weather.
That's all about qualifications. Do you qualify?
Mostly banks and others lending service providers wish to be on the safe side when it comes to incurring losses especially through loan defaulters.As a result,security can be asked for from the borrower.The Kilimo Biashara loan is secured.
Lets now see what can be used as security;
.Personal mortgage can be used over farm as security against the loan.
.A minimum of two guarantors with active credible accounts with equity bank can be in place of security
.Convectional securities like motor vehicles & land title deeds can be subjected for consideration.
.If you belong to an agriculture group, then group guarantees may also be considered as the loan security.
Repayment Period.
-Farmers granted the kilimo biashara loan will have a maximum of one year or one production season ,whichever is shorter,to repay the loan.
Are you a farmer?Are you interested in this loan?Send me back to the bank for you by asking your personal question below as a comment.
Wish you success in your farming business and loan appliation too!             

GOtv decorder financing from M-shwari, a mobi loan facility .

With the recent mega partnership involving Commercial Bank of Africa(CBA),Safaricom and Multichoice, you can still finance the purchase of a GOtv digital box, just in case you've not yet taken advantage of it.CBA&Safaricom's M-shwari is the platform you'll use to apply for the loan while Multichioce will provide you the digital box.
See also DStv and GOtv financing.
This is not the only partnership in
support of easy and affordable digital migration path in Kenya.With the analog signal total switching off around June next year,The equity bank is already in strong partnerships with Chinese  Startimes and Multichoice to ensure easy and affordable access to digital boxes.
-This loan is available to all M-shwari customers who have a loan limit of ksh1000.This means only safaricom subscribers are eligible.
-Application is done through a mobile phone by dialling *234*6#
-Majority of the Mshwari loan Terms and conditions apply.
-The intended loan amount is ksh 3499 to be repaid within three months.
Approved loan applicants will collect their digital boxes from Multichoice dealers near them.
If you are not an mshwari customer you can join today by updating your MPESA account and activating your Mshwari account.

Max Advance, a personal loan facility for salaried individuals.

Max Advance is a personal loan facility from Guarantly Trust Bank(Kenya)-(GTBank) formerly Fina Bank targeting employed clients.Many lenders(banks) in Kenya offer personal loans to their clients in the form of payday loans or salary advance or emergency loans but Max Advance is new.
This loan package covers a wide range of personal activities that can be financed with it.It can be doing house renovation(home, shop,recording studio etc),
paying for your children school fees,buying a plot of land, paying for hospital bills or purchase livestock.
This loan is for people earning a salary from an employer.It can be from the government or a private company.
Minimum amount that a potential borrower can apply for is ksh 100000.
Max Advance is both a secured and unsecured loan.Security is required for amounts above ksh500000 but any amounts below this is unsecured.
Successful applicants will have 12 to 36months to repay the loan.
-Borrower must have been holding a salary account for more than 3months with GTBank.
-Must have been employed for at least 12 months with the same employer.
-Max Advance loan applicants must be recieving a monthly salary of ksh50000 and above.
-You'll need as a borrower to provide a letter from your employer confirming employment and guarantee of salary.
Good luck!        

Springboard Capital Ltd - The Lending Hand

Springboard capital Ltd is a micro credit lender registered in Kenya.
Springboard capital and Loans Kenya logos

Quick Cash
It's an emergency loan processed within 24hrs.One can borrow from kes51000 to kes80000 to be fully repaid within three months.
Requirements ;Be an existing client and posses a current bank account.
Business loan
Applicants can borrow from kes100000 to kes2m.
Requirements ;Borrower must be running a business /own a business.
Documents;Copy of national ID,Copy of business trading license,Copy of Logbook
or Title deed (optional).
Also three referees are required.
High School loan
This loan targets the seniors(18yr and above), and must be employed.
Requirements ;Two passport size photos, Copies of National and Student IDs, Stamped letter from employer consenting direct deduction from payrolls.
School fees loan
This loan is mean for the juniors (below 18 years).Parents can borrow up to a maximum of kes100000 to be repaid in three months.
Plot financing
The loan targets people who wish to buy land.Use the contacts below to enquiry for this loan.
Car loan
You can apply for a loan specifically for buying a car or any type of vehicle and repay up to within 2years.The loan amount must not go beyond kes 2million.
Requirements;Bank statements for latest 6months,Original and copy of PIN certificate, 3 referees.
Call centre;0717711005
Head Office
Murang'a Road,
Kensia House 2nd floor.
Tell;020 231 9430 or 0705 715 054.

Odyssey Capital - Access Financing Instantly

Monday, November 23, 2015

 Odyssey Capital Ltd is a financial limited company registered in kenya. The mission is to avail financial products to small and medium sized enterprises and to individuals.As a potential borrower you can apply for a loan on there website or call them directly (see contacts below).

Odyssey capital and Loans Kenya logos
Odyssey Capital gives a variety of financial services mostly tailor made loan packages.The main loan packages though include ;
Advance Payment Guarantee

Unsecured loan
Invoice Discounting
SME fund
Women fund
School Fee Financing

Reach them through ;
Website :WWW.Odysseyafricapital.com

Micro Mobile Limited - Money is mobile

Micro Mobile Limited is a Kenyan mobile solutions company created in the year 2013 with a view to providing micro credit (micro loans) and financial access solutions to clients exclusively on a mobile platform.
Micro mobile and Loans Kenya logos
Currently, Micro Mobile provides three mobile solutions.
Mobi Craft-This enables clients who are members of various savings and credit cooperative societies (saccos) to easily access credit over their mobile phone handsets.
Mobi Bills - This service helps registered members of Micro Mobile .Note:Currently not operational.
platform to easily pay bills for various utilities.
Mobi Loan-This is the main product and is essentially a provision of salary advance for staff (from employers partnered with micro mobile)
over a mobile platform to maximize conviniency for both employer and employees.
How it works
An MOU(memorandum of understanding) is signed between Micro Mobile and the employer whose role thereafter is to facilitate payroll deductions for loan repayments. Employees are registered for the service on the micro mobile electronic platform (open accounts) to allow easier access the short term loans which they can draw in form of. Mpesa or Airtel money anytime, anywhere.
Credit Limit
The loan amount borrowed depends on one's pay,normally a third of the gross salary but can't exceed ksh100000.Upon successful repayment, employee's credit limit is reinstated and made available for future use.
Employers working with Micro mobile currently
Cellulant!,Reelforge,Vaell, East African Educational Publishers, Emobilis, Impax Technologies, Turnkey, Highlands, Isol Associates Ltd, Citywalk,Dataguard, Long View Suites, Mtech, Suraya properties, Viva Africa Consulting, Reward and Recognition, Rising star commodities Ltd, Tricom, Micro mobile, Associate consulting Africa Ltd.
Counties -
Bomet,Bungoma, Busia, Nairobi, Embu, Meru,Homabay, Kakamega, Kericho,Kisii, Kisumu, Migori, Mombasa, Nandi, Nyamira, Siaya, Trans Nzoia,Uasin Gishu,West Pokot.
Ministries -
Ministry of Education, Ministry of Agriculture Ministry of Interior(Prisons,Regular police and Administration police), Ministry of Transport, Ministry of Health, ministry of information and communication, ministry of sports, culture and arts, ministry of planning and development, ministry of industrialization, Office of the president, Office of the deputy president, ministry of land, housing and urban development,The National Treasury.
Commission -Teacher Service commission.
10th floor,IPS Building, Kimathi Street. PO BOX 4449-00100 Nairobi, Kenya. Call Office ;0709953000, 020 5101089
Call Centre :0705550550,0724662453,0709953100

Remu,Faulu,Sumac Set To Flow Cash To SMEs

Sunday, November 22, 2015

Analysis shows that Kenyans ate easily willing to take loans from micro lenders instead of borrowing from big banks!Do you agree with this analysis? Now the forefront micro financiers, Remu microfinance, Faulu DTM and Sumac DTM have started to source deep pools of cash bases to flow cash loans to SMEs come next year.

Remu will be selling shares worth sh345m by next year.
The micro lender targets a total of sh1.7bn in three years to sufficiently help small businesses grow to unimaginable levels.

Faulu, popularly known for its extremely low rates(12%) had to go for a sh.1bn loan from the universal lender, European Investment Bank.This money is set to benefit clients in small businesses.

Sumac DTM borrowed sh100m from Regmifa based in Luxembourg to add to its finance base.

Though its too risky to save with small financial institutions(the imperial bank proved this) but I think from the above big preparations its worthy trying. Mama mboga,boda boda riders,cafe owners and all small businesses can ride in this. SOURCE ;BUSINESS DAILY

Borrowers Smile As Rates Fall

In mid October this year, almost all banks in kenya but notably Equity,Standard Chartered and Barclays were sending to their customers alerting of a drastic rates hike to those already servicing loans.This followed as a result of an increase in the expenses towards government debts instruments signalled by Central Bank of Kenya(CBK).

This happened to be the big blow to the Kenyans that got the Deputy President talking about unfair the banks were on behalf of the Kenyan mwananchi.
The said rates shot to intolerable highs of 27% on average!

The good news however came knocking on the borrowers door last week after the big lenders started forwarding messages to 'loanees' informing of normal rates reinstatement.This followed as a result of a decline in treasury bills and bond yields.

If you were planning of applying for a loan now it's 'safe'The normal rates were between 16% to 22% depending on the customer's credibility.The whole situation really left many customers frustrated as reported by the Business Daily

Were you affected?

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