Speed Capital - Convinient Finance For SMEs

speed capital logo

Speed Capital limited is a microfinance lender registered in kenya aiming to be the best partner to small and medium size enterprises.

Loan Products
Biashara plus loan
This is a loan of 5,000 Ksh to 50,000Ksh targeted to startups and small businesses that do not have collateral other than stock and household items. It’s a product tailored to operate like an overdraft facility, where one repays within one month.

Loan features
* Loan Size: Ksh 5,000 to Ksh 50,000ksh
* Repayment period of one month
* Loan processed within 24hrs
* Disbursement done via Mpesa.
Super biashara loan
This is a product offered to existing clients on biashara plus loans after successful completing their 3rd cycle. It’s a loan targeted to grow our clients while rewarding them for their loyalty.
Loan features
* Loan size of Ksh 50,000 to Ksh100,000
* Repayment period 3 months
* Loans processed within 24hrs.
Secured loan
This is a product targeted to business people who face temporary cash flow constraints and they have the conventional securities to secure their facility.
Loan features
* Loan size from Ksh 50,000 to ksh1,000,000
* Interest rate on reducing balance
* Loan processed within 48 hrs
* Repayment period up to 3months
Speed Asset Financing
This is a product designed to assist our clients acquire assets without paying the full amount. The asset value margin remains as per the policy. The acceptable assets are Motor vehicles and business machineries.
Loan features
* Loan Amount 50% the value of the asset
* Valuation and joint registration to be done for the vehicle
* Repayment period up to 12 months
Employee Scheme loan
The employee scheme loan is a financial product that Speed Capital offers to salaried workers or employees in offices schools,hospitals ,ministries ,manufacturing and industrial houses as well as any well established employer that has a workforce of minimum 5 employees and are in need for a financial services. They are two categories in this segment:
Project Kidogo- A loan facility for up to 6 months.
Salary Advance- a one month loan facility.
Speed bid bonds
It is common in business practice when tendering for large capital projects for the tenderer to be supported by a Bid Bond. The Bid Bond is an indication of the applicant company's ability to carry out the work being tendered for. Speed Capital’s Bid Bond Product helps customers who participate in tenders capture the contracts they desire.Speed Capital Limited offers speedy and cash-free bid bonds at good rates and flexible terms from reputable and authorized financial institutions.Get your bid bonds within one hour of application compliance!
Speed Import Finance
The selection of trade finance products and services has important consequences. The right financing arrangement and the right terms can mean the difference between profit and loss on each transaction. Speed Capital Limited's mission is to provide trade finance services and to assist in the selection of the optimal financial solution. We provide a product tailored for clients who have imported vehicles and don’t have the money to pay for duty and other port charges. At Speed Capital Limited we will help you pay all these so that you do not incur extra charges on storage at very friendly terms.
Speed Project financing
This is a product to assist in the clients with a definite pay-back period, which is usually more than conventional 30Days, and expecting some bullet payments e.g LPOfinancing, schools among others.
Loan features
Loan period up to 6 months.
Branches< /b>
Head Office
Kimathi House,
Kimathi Street,
8th floor
P.O Box 100463-00101
Nairobi
Tel: +254714505414
Email: info@speedcapital.co.ke,
customercare@speedcapital.co.ke

Nairobi Branch
Kimathi House,
Kimathi Street,
5th floor
Tel: 0715160823
Email :nairobi@speedcapital.co.ke

Gikomba Branch
Nacico plaza
5th Floor
Suite no.511
Tel: 0715160760
Email: gikomba@speedcapital.co.ke

Embakasi Branch
Winstonia Business Centre,
1st Floor
Tel: 0715160783
Email: embakasi@speedcapital.co.ke

Rongai Branch
Brisma plaza
4th floor suite no. 301
Tel: 0715160786
Email: rongai@speedcapital.co.ke

Kitengela Branch
Red Heron Building,
1st floor
Tel:0715160825
Email:kitengela@speedcapital.co.ke

Thika branch
Kigio plaza,
2nd floor suite no. K2.35
Tel: 0715160762
Email: thika@speedcapital.com

Naivasha Branch
Lancaster Plaza,
2nd floor
Tel:0715160765
Email: naivasha@speedcapital.co.ke

Kawangware Branch
Mbugua Plaza 2nd Flr
0701785585

Dealer Car Financing In Kenya

Kenyans would always use their banks or chamas to apply for a car loan.That's okay but there are car dealers who can offer vehicle financing at economically friendly terms.
(1) Toyota Kenya

toyota logo

Toyota Kenya car financing dubbed Tsusho capital, enables every Kenyan individual or business/company to own a vehicle at an interest rate of 18%per annum.Tsusho capital grants the borrower access to after sale services and vehicle maintenance just like a dealer and the loan can be repaid within up to 5 years. The best part of this loan package is that the borrower is free to use their bank to apply for other credit facilities because Toyota kenya will leave the bank credit line open!

Documents
Individuals should provide the following ;
National ID and PIN
Latest six months bank statements
Latest three months pay slips.
Business/Company should provide the following ;
Certificate of registration
PIN certificate
Memorandum and Articles of Association
Six months bank statements
Director's ID and PIN
Latest three years financial statements

How to apply
Visit WWW.toyotakenya.com to apply online or call these numbers to enquiry ;
0717572400,0735258498,0722807323.
Call Toyotsu auto mart kenya on 0711050000

(2) DT Dobie

DT Dobie kenya

A subsidiary of Cfao-automotives, Dt Dobie (driving with confidence) have partnered with several banks and micro finance institutions in kenya to provide tailor made car finance solutions to their clients.
Call these numbers for any enquiries :
Nairobi -0711057000/100/200/500
Mombasa -0719076000 or 0733332778

(3) General Motors [GM]
General Motors East Africa provide various car financing schemes in partnership with various Kenyan financial institutions. All financing schemes are tailor made as per the client needs.
Contact Nairobi Main reception on 0703013111 or Sales reception on 0703013222

(4) CarMax
Providing maximum deals in cars, CarMax East Africa partnered with Family bank, Cfc Stanbic bank, Chase bank, NIC bank, Cooperative bank, KCB and Equity bank to give car financing to clients of all levels of income. CarMax allows customers to buy on hire purchase terms to be repaid in 12,24,36 or 48 monthly instalments.
Contact
Mombasa road branch - 0722702438,0722606329,0720352722
Langata road branch -0722320054,0721566338
Ngong road branch -0722510156,0720392386,0725272333

(5) Caza
Caza is a car financing agent for both new and used vehicles. Borrowers can apply online on WWW.caza.co.ke and Caza will match your needs with the best auto financing company that best fits your needs.
Call for enquiries ;0727710803 or 0724559878

A helping hand through the digital migration ,DStv or GOtv financing from Equity Bank.

The switching is still on.The deadline is around the corner.It will be mandatory to all TV viewers to get a digital box.The question remains to be 'where is the money to finance the purchase of such decorders?' Any lenders? There are many lenders in Kenya but today am going to talk about the 'DStv and GOtv financing' from Equity Bank
.
  
The Equity Bank in partnership with Multichoice is offering a loan facility just to finance the purchase only DStv or GOtv digital box .The requirements for the borrowers are few though important.One must be an active equity bank account holder with a good credit record.Salaried client have higher chances of being approved.
This loan is quickly disbursed at an instant.The procedure of applying for this facility is as follows;
Visit any Multichoice outlet near you.Ask for a proforma ,fill it and take it to the nearest equity bank branch for credit review.That is all! If you get approved,you will be issued with a collection note to pick your DStv or GOtv decorder from your Multichoice agent.
Interested? Move with the rest.Any personal question? Comment below and I'll get back to you.
Thanks in advance.Tell others too.    

You might be missing this out! Addicted shopper's loan.

Can you finance your regular shopping habits? Can you get a quick loan to purchase that 'now trending' home theatre or anthing? I know of people addicted to shopping especially ladies.Smile now because 'mkopo poa' a personal loan facilty from Bank of Africa-Kenya  can take care of your wishlist.
See also DStv and GOtv financing.
MKOPO POA.
Mkopo poa is a partnership between Bank of Africa(boa)-kenya and Nakumatt Supermarket to make customers get their desired goods even when out of cash.Therefore ,Mkopo Poa loan makes it posible for a customer to purchase their wishlist without a coin. 
MKOPO POA LOAN DETAILS.
- it's for financing goods from Nakumatt and pay latter after a year.
-mkopo poa has an interest rate of 1.5% per month.
-loan amount ranges from ksh50000 to ksh500000.
-mkopo poa loan is only available to boa(bank of Africa) account holders.
-this loan facility is available to both salaried and self-employed customers.
-it will take less than 48hours after you apply,to be notified about the status of your loan ;whether approved or disapproved.
 
WHAT YOU'LL NEED.
-For salaried customers, you'll need to
present the latest three months payslips and bank statements.You must have a good credit report or history too.
-For self-employed individuals, business registration forms and statements of accounts(for a period of one year) must be presented.A clean credit report is a must.
HOW TO APPLY?
Am sure by now you might be asking yourself the above question.
(1).Visit any nearest nakumatt supermarket branch.
(2).Select the goods you wish to buy(only available commodities) and write a wishlist.
(3)Finally,ask for an application form, fill it in an give it back to the customer care desk.
(4)Go home and wait for a notification about your loan status within 48hrs.
That's all.Any personal question? Leave a comment below.
Good Luck!              

Uvuvi Biashara Loan

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

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.
Products
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.
Contacts
Help line ; 0729756740
Website ;WWW.halifaxfs.com
Physical location ;
Ojijo Plaza
Off Plums lane
2nd floor
Parklands
Suite B1
PO Box 5574-00200 Nairobi.

Small-scale farmers Kilimo Biashara loan from Equity Bank

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.     
Eligibility/Qualifications
.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;
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!