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.
GOTV DECORDER LOAN FROM MSHWARI.
-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.
MAX ADVANCE LOAN.
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.
REQUIREMENTS.
-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

Products
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.
Contacts
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

 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

Products
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

Contacts
Reach them through ;
Call;0701946405
Email:info@Odysseyafricapital.com
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

Products
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
Corporates-
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.
Contacts
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

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?