How to borrow loans from Kiva.

Kiva org

Kiva is a microfinance organisation registered in the US as a not for profit lender specialized in availing loans to the low income population worldwide.It was founded in the year 2005.Today,,Kiva has spread to over 80 countries with a total of over US$850million worth of loans disbursed.The lender facilitates loans through field partners to over 15000 borrowers monthly.Kiva gives out loans that are aimed at changing peoples lives.


Where does Kiva get its money
This financier relies on volunteer lenders mainly and a few grants,corporate and foundation sponsorships.Volunteer lenders donate to Kiva through the website or choose to lend directly to a borrower through the same platform.

Borrowing from Kiva
How can an individual or a business apply for a loan from Kiva?This is the reason for this post.There are two ways a borrower can ask for a loan from this lender.It's either through Kiva website or through Field partners.

1.Applying for a kiva loan through the Website.
Only applicants from the US can use this method.Borrowers join the Kiva Zip community before asking for a loan.
STEPS;

• Fill an online application form.
• Lend to a fellow borrower.
• Invite family and friends to lend you .
• Let your first lenders who are your relatives to post you on Kiva website where millions of volunteer lenders will see your profile.
• Volunteer lenders will then start lending you.
• Do your business and repay.

This method relies mostly on your trustworthiness rather than your creditworthiness.

2.Applying for a kiva loan through a field partner 

Many countries covered by Kiva services depend on this method, that is applying for credit facilities through Field Partners.What are Field Partners? They are financial institutions, mostly specialized in micro credit ,that were approved by Kiva Org management to facilitate loans to borrowers in their various locales.All of these field partners are stable and fully operational financial institutions.

Borrowers don't need to mention Kiva to be attended to.These institutions do their own communication to Kiva about the borrowers who seek their services.Field Partners receive,edit and upload the borrower details and story to Kiva website where interested lenders can choose to support the borrower.If an applicant's loan gets fully funded,the Field Partners declares your loan approved in full.

Field Partners in Kenya.
Kenyans depend on field partners very much.Field partners reach and educate the communities they are located in.These institutions give out loans for various purposes like education, startups,business expansion, solar and other clean energy loans.There is a high probability of getting loans approved with field partners compared to other financial institutions not related to kiva.Kiva managers always review field partners every now and then.Partners who rate poorly in terms of financial risks are inactivated never to participate for a while until they rate good again.At the moment, these institutions are field partners in kenya;

1.  SMEP microfinance bank
2. Yehu microfinance trust
3. Strathmore university
4. Milango financial services
5. VisionFund kenya
6. Kenya ECLOF
7. Evidence Action
8. Juhudi Kilimo
9. Hand in Hand Eastern Africa
10. Burn manufacturing company
11. PowerGen renewable energy
12. KOMAZA
13. Honey care Africa
14. Asante Kenya foundation
15. Moringa school
16. Yamamoto biogas
17. The alliance for artisan enterprise at the Aspen institute
18. Housing finance foundation
19. Fledge
20. MicroEnergy credits
21. Eco zoom
22. Nuru international
23. iSmart kenya
24. Paradigm project
25. One degree solar
26. Junior achievement kenya
27. Sanergy
28. Barefoot power.

You can check for details of each of the above financial institutions by using the search bar on this blog.

Understanding Your Credit Report- Creditinfo

credit info

As 'Loans Kenya' we are happy to share the exact description about a credit report from Creditinfo,one of the licensed CRBs in kenya.Remember, Creditinfo is the most active bureau as per the customer reviews on Facebook
.

Creditinfomation weekly
Understanding your Credit Report:
"Your Credit Report is ultimately created by YOU. When you apply for a credit facility your jorney begins with a Credit Reference Bureau. Even at application stage of the loan in most cases your credit profile is created at the CRB, leaving a foot print of the credit enquiry done on your National ID. Once the loan is granted the loan information and your details are loaded onto the CRB. This is called positive data sharing. Each time you pay your facility the financial institution will send the payment history of the facility each month to us. This creates an overview look of how you pay your accounts. If you miss a payment at any time this is also recorded and sent to us. If the account goes over 90 days in arrears the financial institution can then mark that account as non-performing (known in Kenya as listing). Your bureau score will start calculating and start showing a good or bad score depending on how well you pay your accounts and a few other general aspects of your credit history. Your credit report contains all your personal information and any contact and address information, even from 5 years back. Remember you can get a free credit report once every 12 months to check your status, I sugest you do, so you don't get a surprise when applying for credit. If you feel that information is incorrect, dispute it immediatly with the CRB so that they can speak to the financial institution for you."

Thinking about getting a credit report,must read Obtain a credit report in kenya

Obtaining Clearance Certificate From CRBs In Kenya.

Credit Reference Bureau(CRB) is a company licensed to collect, manage and disseminate customer credit information.CRB collects the customer credit information from all lenders including commercial banks, deposit taking microfinances and most recently Saccos.CRB will then manage the collected information by regularly updating customers' credit scores per their transactions with the various financial institutions. When a lender wants to know a borrower's credit status, CRB will disseminate the report to help in lender's decision making towards the borrower.Now you understand.

In kenya, the Central Bank of Kenya (CBK) licensed three Credit Reference Bureaus to collect, manage and disseminate Kenyans credit information.These include;metropol,Creditinfo and Credit Reference Bureau Africa[CRB Africa] also known as Transunion Africa.
.According to the law, each customer is entitled to one free credit report a year after registration with one of the three CRBs licensed in kenya.

Register with CRB
If you wish to receive your annual credit information,one can register with one of the three CRBs.You can choose to register with all but you'll receive the same report still.
Metropol
You can register with metropol by visiting their website metropolcorporation.com or by dialling *433# on your mobile phone for Safaricom customers only.You'll pay a registration fee of ksh100.You'll receive a code in form of SMS.Use the code to access your report on their website.
Transunion
If you wish to get your credit information from transunion,please visit crbafrica.com or transunionafrica.com.Fill in the forms and send them back.That's all.
Creditinfo
You can still register with creditinfo to get your credit information yearly.Simply visit creditinfo.co.ke to register.You'll then receive your credit report on your email address.

Obtaining a Clearance certificate
Some jobs or some other circumstances may require a clearance certificate to prove your credit trustworthiness before handling instances beforehand. It's easy to obtain a clearance certificate though. All the three licensed CRBs required a processing fee of ksh2200.Because your are already a registered customer with one CRB, you can easily request for your clearance certificate from the crb website.The certificate can then be printed out after preparation.

Clearing your name
When your credit report is not good, you might need to clear your name with crb.You will have to ask for the lender who sent your bad reports to crb(the lender who you never paid after borrowing).This may attract a fee of ksh50. Sometimes you may be blacklisted wrongly! The next step will be visiting that lender concerned.Resolve the issues with the lender by either clearing the loan arrears or make them know you never borrowed from them.They'll then issue you with a clearance letter. Scan it and email it to the crb you registered with.That crb will communicate with the lender to confirm that clearance letter was valid after which your credit information will be updated positively.It will still take long(7years) to have your credit score high. If you can't resolve your issues with the lender you remain blacklisted for more than seven years.

Read also Loans to blacklisted Kenyans .

The law requires that a lender may alert a customer before blacklisting. Sometimes this doesn't happen though. Due to these inconveniences,there's a new body calledCredit Information Sharing [CIS]kenya which will look deep into these unfavourable situations in the lending circle.

Use a helb loan to start a blogging business while still in campus.

Are you in campus? Are you financing  your education through a helb loan?Government sponsored students in kenyan universities financed by the helb loan get an excess of ksh10000 per year after clearing their school fees.What are you doing with this money?Let nobody lie to you.Life is still waiting for you outside in the real world.
I know campus life is full of fun,but also consider doing something -a business.What kind of a business can I do? Relax! I know you don't have much time to go out looking for stock or customers that's why I choose for you a 'blogging business' because you enjoy as you do it and its the customers that will be looking for you.

HOW TO USE HELB LOAN TO START A BLOGGING BUSINESS?
-Blogging will need access to the internet. I don't advise students to use school computers for blogging because most don't allow it.This means you need to have your own blogging equipments and its simple a smart phone(going for ksh7000) as laptops and Ipads are too expensive.
-You can then save ksh 3500 both from the first and second disbursements in your first year.Now you can buy your smart phone because that's all you needed. Remember to use the helb loan surplass in the other years of your study to take care of any outstanding fee balances.
HO TO START THE BLOGGING BUSINESS?
- Blogging is simple publishing up to date content into the internet where people can access it.Content can be in the form of texts,photos,graphics, videos or any other media files.A photo blogger will be publishing photos while a fashion blogger will use texts and other media files for example photos &videos.
-Blogging for business will mean publishing high quality content for the purpose of gaining something (money).
-Now, there are both self hosted and freely hosted blogs.I will talk about free hosting blogs because self hosted blogs requires one to pay.There are many free blogging platforms like wordpress,weebly&tumblr but I prefer 'Blogger.com' because its simple and it's directly connected to Google Adsense which you'll need to monetlse your content later and that's the purpose of this post today.
HOW TO USE BLOGGER.
(Always ask for help for anything techy from friends or experts)
-Remember you bought a smart phone.It's time to use it now.
-Use your phone browser and go to blogger.com
-From blogger,create an account. This will be your Google account.Finally, you'll be redirected to blogger.com where you can create your first blog now.
-Choosing a blogging topic can be tricky but must be something you can never run dry of thoughts and its loved by many people.It can be about sports,news,fashion,entertaiment,education,business or even health&fitness.
-While still in blogger.com, write your preferred blog title and address.
-Download the blogger app and install it on your phone. Finally use this app to easily write and publish your first post.
HOW TO START EARNING.
-If you fear taking risks you fear doing business.Just like any other business,here there is no guarantee that you'll earn money each and every month end.
-With a good number of total monthly page views that is after blogging for more than three months,you can then proceed to apply for a Google Adsense Account by clicking on the 'earnings' tab from your blogger dashboard.
-If your application gets approved, you'll start showing google ads on your blog.You'll then be paid whenever blog visitors click on the ads.
-Finally you'll be earning while learning.I believe its the best thing ever that will happen to any student.
Remember, the blog will be with you even after campus.You can even upgrade now and use a custom domain.
Think bout it?                                                 

Lenders are not presenters like Kanze Dena,you are not to watch them but they are supposed to finance your success.

Financiers are the right people to befriend in business.They are never like presenters to be watched only.Ofcourse I have used Kanze Dena in this context to represent all presenters in kenya.This is beause Kanze Dena,the Giriama queen and a kiswahili news anchor at the CitizenTv, remains the most adored in the nation.
Let us forget about the media thing.I want you to know and work with loan facility givers available and suitable to you.But before you know others know yourself first.Self orientation will include gender (as there are loans specifically for women), employment status(unemployed,salaried,self-employed),skills,belongings /property and residency.Once you know all these, the next then will be who can be your financiers.
There are several lending institutions like comercial banks,saccos ,credit companies(platinum credit kenya) ,venture capitalits(Grofin) and individuals like shylocks.

Now this is what you should know;
1)If you are unemployed,meaning you do not have anything to save ,then think venture capitalists and shylocks.Let your business idea do the convincing.Here you need a viable idea to make the approached party to give out money without considering much about your poor financial status.
2)if you are self-employed ,comercial banks (preferrable where your account is) and saccos (preferrable dealing with members in your business line only) can be the right financiers to you.You can as well join a group to create a savings pool at a certain bank where you can borrow as individuals.
3)Lastily, if are salaried then the choice is yours.Though there are different rules for government employees and private sector employees when it comes to lending, all banks, shylocks,saccos and venture capitalists can easily befriend you.
Where do you belong? Don't say you can't because now you know you can.Do you need a personal help? Comment below and I'll help you.                       

Loans Through Ussd Bank Codes In Kenya

mobile phone displaying ussd results

Can I use my phone to borrow money from my bank, microfinance institution or Sacco?
Most Kenyan commercial banks,saccos and microfinance institutions have already embraced the use of mobile banking platforms where customers can easily access banking services over their mobile handsets. As 'Loans Kenya', we focus mostly on credit issues.A borrower can access mobile loans through mobile apps, STK/Subscriber menu or USSD codes.Our focus today is on lenders' USSD codes but we shall cover the Mobile apps and STK menus later.
We are therefore, going to list some of the financial institutions with their respective ussd codes that can enable a customer wishing to borrow from their banks do the same conveniently anywhere on their mobile phones.You must have registered with your bank to access these services.Sometimes, the sim card you are using can affect your access these services.This is because, some of the ussd codes are only accessible from one mobile telecommunications provider fro example, Safaricom or Airtel lines only. Most codes are accessible over multiple subscriber service providers though.You must register your line with your bank or Sacco before accessing mobile banking services, therefore, you will already be aware of which line to use( the registered one).
Read also How to apply for a mobile loan

Bank loan Ussd short codes
Bank of Africa(BOA) *987#
Barclays Bank Kenya *224#
CFC Stanbic *208#
Chase Bank of kenya*275#
Commercial Bank of Africa *654#
Consolidated Bank of kenya *262#
Co-operative Bank of kenya *667#
Credit Bank of kenya *669#
Diamond Trust Bank(DTB) *385#
Ecobank *335#
Equatorial Commercial Bank(ECB)*286#
Equity Bank of kenya *247#
Family Bank of kenya *325#
Faulu microfinance DTM *339#
First Community Bank (FCB) *342#
Gulf African Bank *399#
Housing Finance Company *231#
I & M Bank Limited *458#
Jamii Bora Bank *344#
Kenya Commercial Banl(KCB) *522#
K-REP BANK *527#
Kenya Women Finance Trust(KWFT) DTM *378#
Musoni Microfinance Institution(MFI) *279#
National Bank of kenya(NBK) *625#
NIC Bank Limited *488#
Post Office Savings Bank(Post bank) *498#
Rafiki Microfinance bank DTM *366#
SMEP DTM *741#
Standard Chartered Bank(SCB) *722#
Transnational Bank of Kenya *862#
United Bank of Africa(UBA) Bank *368#
Vision Fund Kenya *985#
GTbank of kenya *878#

There are other transactions you can perform with a bank ussd code including transferring money from one account to another or bank to bank or bank to phone(Mpesa, Airtel money, Yu cash,orange money),buy goods, retrieve statements among other more activities. For the purpose of borrowing a loan, please find where the words 'loan services' or 'credit services' are located after dialling the ussd code on your mobile phone and then proceed with the next steps.That's all.

Online Loan Vendors/brokers In Kenya

Loan brokers or vendors are not very popular in the lending business in kenya.Loan brokers should mean individuals or businesses helping borrowers get cheap and suitable loans from the right lenders. They charge the lenders a certain commission after every successful loan amount disbursed.I have stated earlier, the law is not clear on loan brokers, thus they charge varied negotiable rates per lender.
Every Kenyan know how tedious it is when it comes to finding the right affordable credit facilities,that's why brokers become handy.Loan brokers can be general or specialized. Those who are specialized may be personal loan brokers, business loan brokers,asset loan brokers or mortgage loan brokers .
Majority of the borrowers use the internet (due to its convenience) to find and apply for loans through brokers nowadays.Due to this reason, most brokers moved to the web, allowing borrowers to apply for loans online.
Do you know who are the online general loan brokers in kenya?


Kenya Loans
Kenya loans provide online loan application forms for any potential borrower.A borrower can select the kind of application form suited to their needs ranging from business loans, personal loans, unsecured or secured loans to salary advances.From Kenya loans
' We have recently established more partnerships with lending institutions in Kenya and can now confidently invite you to fill in our online loan application forms. Once we receive your application we will forward it to the best matched lending institution'.Please visit www.kenyaloans.com to apply now..

pata mkopo

Pata Mkopo
Pata mkopo is the latest online loan broker in kenyaYou choose the kind of loan you want to apply for example car loan, home loan, business loan or micro credit Fill the online loan application forms and apply.Pata mkopo will contact you.Check how it's described;
Search & Bargain for the best loan interest rate from over 43 banks in Kenya for FREE. Shorten what would otherwise be the long Safari of getting competitive financing for your yourself or business with patamkopo.Simple.Convenient.Reliable. Visit www.patamkopo.co.ke to apply today.


Pesa web
This is not a broker as such but simple makes you know which lender especially commercial banks gives the lowest interest rate for a given loan amount. It is a fintech company that helps you compare different loan and mortgage rates in the market and helps borrowers make the right choice.Pesa web also give insurance quotes from leading insurance companies and help save borrowers' that money.

Loans kenya
More than just loans. Not to be confused with loanskenya.blogspot.com , Loanskenya.com gives borrowers a chance to shop around the best loan rates before settling with one lender.It's not a broker too but seems to be heading there.

Receiving Mpesa Statements From Safaricom.

safaricom

Both individuals and businesses using Mpesa must have thought of knowing their past transactions.Just like commercial banks and other financial institutions,Safaricom has made available the ability to get a Mpesa statement, though for the last past month.Financial statements are a crucial part in any business or individual budgeting. Safaricom started sending messages to it's subscribers about the same from last month.
What an Mpesa statement constitutes include information about money sent( for example to individuals,to banks, Lipa na Mpesa or through pay bill numbers), money received(from individuals, from banks) and money spent(for example buying airtime or data bundles).This statement is also a proof that a given transaction happened.



How to ask for the statement
Previously, Safaricom used to send these min statements directly to subscribers SMS inbox. Recently, they changed and started sending these information directly to subscribers' inboxes.
Steps
With a Safaricom line installed into your mobile phone, dial *234*2# to register your email address first. You'll receive a message like this;

"You have successfully registered loanskenyatoday@gmail.com on 21-03-2016 02:03 PM. You will be receiving your M-PESA statement by the 5th day of every month.
Note, this is my own example. Remember, the email address will be that which you will have registered,not loanskenyatoday@gmail.com

Subsequently you will receive another message from Safaricom again;

"Your M-PESA Statement has been sent to your email address loanskenyatoday@gmail.com. To change your email address dial *234*2#, select M-PESA Statement then Change E-mail."

Now you will be done.Visit your inbox for the statement.For privacy reasons, we can't upload our Mpesa statement here.Thanks.

Where To Get Title Loans In Kenya.

title deeds

Several 'Loans Kenya' blog readers have been asking about loans against their title deeds from us.I have a title deed, can I use it as security for a loan?Can I borrow against my land title deed? In Kenya the law allows legitimate owner of a valued land title deed to borrow a loan against it.The question is which lenders easily accepts land title deeds. There are a lot of tedious procedures before accepting a title as collateral for example hiring Valuers, physical land visiting among others. Enough said.Below find the groups of lenders who can easily recommend and approve a borrower for a loan with a title deed.


Read also Where to get startup funding

Saccos/Deposit taking microfinance institutions
Savings and credit cooperative societies popular 'saccos' and deposit taking microfinace institutions are the most friendly lenders in the history of borrowing. The reason being that people form saccos purposely for their benefit unlike commercial banks which wants profits.Fellow members in a Sacco know and understand you better.This means if you want to borrow a loan using your title deed, they easily approve it because they already know your land in question and the loan purpose. Credit managers do not look much into the title but into the guarantors savings.
In Kenya, popular saccos and deposit taking microfinance institutions include;Faulu,Kwft, Imarika sacco,Harambee sacco,Unaitas,Stima sacco,kwetu sacco,Mentor sacco,Milango financial services, Rafiki bank,Mombo sacco,Jamii Bora bank,Mabisa sacco,Century,Zawadisha just to mention a few.

Shylocks
Shylocks accept land title deed as collateral more easily than Saccos.The reason why Shylocks can't top our list is the high percentage of 'ill intention'.They ever pray that you may default in the loan repayment which will see the land ownership turn to them.They have ready money, but be careful with your loan repayment.

Venture capitalists
If your intention for the loan applied for against your land title deed is 'business purpose' especially startups,then venture capitalist can be handy. You'll simply provide the land and venture capitalist will use that land for productivity. The two of you will share ownership. Examples of venture capitalists include; Da Silva Group,Grofin,Nairobi garage,Seed Capital investment, Investeq capital, Jacana capital,AfricInvest, Fasini among others.

commercial banks
Every Kenyan know how hard it is to obtain a loan from our Kenyan banks. The reason being how to make profits and avoid high rates of defaulting in general.For a title loan in specific, it's extremely tedious as earlier explained. Banks come at the end of our list because of high rate of title deed loan denial.We guess only one (1) out of fifty (50) get approved for a title loan.You know who are friends to banks, Civil servants and TSC employees.Three are over fourty commercial banks in kenya.Just try your luck and good luck!

Loans To CRB Blacklisted People In Kenya.

Central bank of kenya

Am blacklisted, can I get a loan?I was listed as a defaulter, can I still borrow?Naomba mkopo but am listed by CRBs. Here, at Loans Kenya, we receive a lot of questions from Kenyans about loans to Credit Reference Bureau listed defaulters. First lets look at what credit reference bureaus (CRBs) are and why they exist.


Credit Reference Bureaus are companies licensed by the Central Bank of Kenya (CBK) to collect, manage and disseminate or share commercial banks' or and microfinance customers' information about their banking and borrowing habits among all lenders in Kenya. If you defaulted a loan with Transnational Bank, you can not borrow from Equatorial commercial bank or any other lender because your defaulting information is available to any financier from the CRBs.Before the inclusion of Credit Reference Bureaus into the lending sector in kenya,Serial defaulters (borrowers who intentionally refused to repay loans) used to borrow from different lenders( Commercial banks, microfinance institutions and non deposit taking quick loan issuers) taking advantage of information asymmetry ( lack of a central point where borrowers borrowing habits can be traced).You can guess what happened.Many finance institutions collapsed due to increased non performing loans.That's why CRBs became handy in kenya.

Currently, there are three companies the CBK licensed as CRBs in Kenya.They include;Creditinfo Credit Reference Bureau Ltd, Credit Reference Bureau Africa Ltd(Transunion) and Metropol Credit Reference Bureau Ltd

Any kenyan with a bank account can get a credit report from these CRBs.
To get your credit report from Metropol, simply dial *433# from your mobile phone or visit www.metropolcorporation.com to fill in a credit score form.
To get your credit report from Transunion,visit www.crbafrica.com or www.transunionafrica.com and fill in the credit score form.
To get that report from Creditinfo, visit www.creditinfo.co.ke and fill the credit report form.

Read here 4 ways to maintain a good credit report.

When blacklisted, the Kenyan law defines that you be denied access to borrowing from lenders for between a minimum period of five years and a maximum period of seven years after which the hold will be declared 'expired'. If one can't wait for expiration date, he/she can choose to fully repay the defaulted loan and all accrued interest and get cleared by the CRBs immediately to be free to borrow again. What happens if you cannot repay the defaulted loan before expiry?

How to borrow while blacklisted
The truth is you cannot do much in terms of borrowing if you are listed by CRBs as a defaulter. Worse is to companies/businesses because the must clear the loans or simply wait for hold expiry.
Employed individuals with active salary bank accounts (the account where your employer deposits your monthly pay) can borrow though lightly by getting Salary Advances or Payday loans.Usually, you get payday loans or salary advances from your bank and less commonly from other lenders recommended to by your bank.
Payday loans/Salary advances are less than 75% your net salary.The higher your salary the higher is the Salary advance.Luckily nowadays, all banks like United Bank of Africa [UBA],Standard Investment Bank (SIB),Cities Bank, ABC Bank,Prime Bank, K-repbank, just to mention a few, offer salary advance facility.

Startup Financing In Kenya

The Kenyan youths are drastically changing from chasing after jobs to chasing after funding to finance the taking off or growing of their start-ups businesses. It's with no doubt that the advantages of owning a business outdo those of being an employee by a greater margin. Where then will one get the funding for starting a biashara after unsuccessful job hunting or unsatisfactory job?
In this post, I'll give an overview of the sources of loans for start-ups in Kenya.For full descriptions of these companies and contacts,PLEASE VISIT LENDERS

Venture Capitalists
These are financiers who will listen to your start-up business idea and evaluate its viability. If they are fully convinced by your idea, they'll provide the funding and be part of the ownership(a percentage of your business will belong to the venture capitalist) but will never be involved in the day to day activities of the business.Examples of venture capitalists in Kenya include among others;Nairobi Garage, Seed Capital Investment,Savannah Fund, Westpac,Growthhub, Grofin, Monsanto Fund and Jacana.
Angel Networks
These are finanaciers who will first have to believe in your business idea as a viable one.They'll then provide funding, training and be part of the day to day business activities to ensure the startup grows.So far Investeq Capital remains the well known angel network for startups.
Crowdsourcing
This is where you get several lenders at one place who will first have to be convinced by the viability of your startup business. The most popular crowdsourcing platforms are Zidisha and Kiva.Others include Cheetah fund, Wakibi, Kickstarter, Indiegogo,Appbackr,Quirky AfricInvest, Agrivie Fund,Investeq Capital, Leapfrog, Eva Fund,Fasini,Enabilis and Crowdfunder.
Micro lenders
There are hundreds of microfinance institutions in Kenya both credit only and deposit taking.Micro lenders have a good history of uplifting start-ups compared to commercial banks in kenya.Visit any and give them your startup idea. Some examples include:U&I microfinance, Faulu,Imarika,Century, Uwezo,Youth Fund, Women Enterprise fund, Zawadisha, Sumac, Letshego kenya, Opportunity kenya, ECLOF kenya, Milango microfinance, Musoni MFI, Bimas MFI, Plan international,Yehu microfinance, Riverbank,Ufanisi-AFR, Rupia MFI, Kopo kopo, Unaitas, Juhudi kilimo MFI, Window MFI, Craft Silicon, Planet Rating, Taifa MFI and Greenland Fedha.
Financial foundations
Sometimes foundations can give funding to startup businesses in form of interest free loans, grants or prizes. Some foundations have known dates when they give out loans, grants or hold competitions while others don't have.You must be on the look always never to miss any announced dates set for competitions.Ongoing now is the Total Startupper of the year.Examples of other foundations include ;Safaricom foundation, Chandaria foundation, Citi foundation, MasterCard foundation, Coca-cola foundation, Aga Khan foundation, Ford foundation, The Tony Elumelu, Micro loan, Virgin unite and African Leadership foundation.

Loan maturity,what about it?

  When will this loan mature?When will my loan be fully paid?How long will it take to clear my loan in full?Credit facilities differ as per the purpose or financier in question.Lenders giving out  loans for business purposes [mkopo wa biashara] for example business startup capital financing do offer longer repayment periods than their counterparts offering credit services for minor emergencies. Financiers like commercial banks may give less loan repayment periods than saccos [mkopo wa chama] for the same amount of loan.
  Sounds so obvious that it worthless posting but wait.As Loans Kenya,we have a bank of questions from our blog viewers triggering concern.
"Are long term loans profitable?
How to apply for shot term loans?Whats the loan repayment duration?How long will it take to repay the loan? "

  REPAYMENT DURATION
All legitimate financiers in kenya are regulated by the Central Bank of Kenya.The minimum repayment duration is around one month and the maximum is close to six years[72 months].Only few extreme cases can go up to 20 years.The time attached to a loan facility depends some of the following;
AMOUNT -The higher the amount of money borrowed the longer is the repayment duration and the lower the amount borrowed the shorter is the repayment duration.
CREDIT REPORT -The better the credit report the longer the loan repayment period and the poor the credit report the shorter the loan repayment period.
LENDER -Though within the recommended range of time some lenders can decide to allocate longer repayment periods to a loan amount than other lenders.
Now you know.

SHORT TERM LOANS
They are quick to clear.They are characterised by small loan amounts.They attract smaller loan repayment installments.They have short repayment durations.

LONG TERM LOANS
They are characterised by high loan amounts.They attract longer loan repayment periods thereby making the repayment instalments small as the y are spread over longer duration.Business loans can give borrowers ample time to work hard on their businesses ploughing back profits to the business while paying little instalments  to the financier.

CONCLUSION.
Its simple up to the borrower and the lender to settle for an agreed time period.Luckily nowadays there are online loan calculators on the respective lender websites.Make use of the same for quick results.Thanks