The loan is tailor made for MSME customer who are in trade business and in need of working capital cashflow.
KES 2,000,000
Client must have operated a business account with UBA Bank for at least one month
Copies of ID and kra pin of the directors, company KYC, Bank statements for the last 12 months(certified), copies of contracts or LPOs and if client does not have prior banking experience, they will have to bank with us for at least 3 months in order for us to review their application.
A loan product designed for contractors and vendors of reputable organizations to enable them to execute work and local purchase orders from their respective employers
Qualified and more than one year experience
Has capacity to deliver the contract
Past track record of the supplier or vendor.
The LPO should not be more than 30 days from the date of issue.
GroFin considers business applications on the basis of their potential and credibility of the entrepreneur. GroFin understands SMEs and have a proven track record of helping entrepreneurs and business owners start or grow successful businesses.
KES 165,000,000
Entrepreneur Profile: The entrepreneur should have significant own investment in the business, have the ability to manage a business – from operations, sales, financial management, administration, and leadership. They must be willing to work with GroFin as a value adding financier and share management information regularly. They must have growth ambition and demonstrate integrity as well as professionalism in their dealings.
Collateral requirements: Though GroFin has no minimum requirement, they expect entrepreneurs to (partly) secure the loan if collateral is available. Quality and value of collateral does play an important part in the overall risk assessment. Personal guarantees of the entrepreneur(s) is required.
Social Impact: The business must be able to have a measurable impact in terms of the number of jobs supported and sustained, female ownership, female employment and semi-/unskilled labour. SMEs that provide indirect job opportunities (e.g. training, skills development) and/or environmental services (water, waste, energy, ecotourism) are also attractive to GroFin.
Business support: GroFin delivers business support to clients prior to the investment and during the tenor of the loan – focusing on improving business viability, sustainability and growth through identifying material business risks/opportunities across a range of generic areas as identified during the screening/due diligence stage. For this reason, entrepreneurs need to be receptive to receiving advice and implementing recommendations, normally around improving formalisation of their business.
A public-private impact fund for smallholder farmers. The Fund de-risks investments in smallholder farming and helps drive sustainable impact by showcasing the commercial opportunity represented by smallholder farming finance. The EUR 100 million IDH Farmfit Fund takes the responsibility for the first losses incurred supported by a second loss guarantee facility from USAID (up to USD 250 million) thus providing a significant element of reassurance for investors. Sectors covered include food, staple and cash crops including, cocoa, coffee, cotton, palm oil, tea, aquaculture, soy, cassava, rice and other commodities.
KIE provides affordable medium to long-term finance to MSMIs for the purchase of machinery, equipment and working capital, either for start-ups, expansion, modernization or rehabilitation focusing on priority sectors identified in Vision 2030.
KES 14,000,000
It should be either be a manufacturing business or a service business.
It should be either be a manufacturing business or a service business.
It should employ at least 5 people • It should be running for at least 2 years to qualify as a working capital loan.
The applicant will be required to provide the following documents
Photographs and sketch-map of business location
Landed security to cover a minimum of 140% value of the loan requested.
Valuation report from a registered land valuer. This will be verified by KIE officers.
An original certificate of Official Search from land registry
Two credible guarantors
Current trading license
Current bank statements
Copy of PIN certificate of applicant and guarantors
Finances land preparation, purchase of farm inputs and implements, livestock feeds, labour finances, business stock, harvest and other agricultural activities. It offers easy and convenient repayment through the monthly pay outs.
Accion Venture Lab provides capital and extensive support to innovative, scalable fintech startups that improve the reach, quality, and affordability of financial services for the underserved.
KES 654,000,000
Mobile phone–based financial services or business models built on mobile payment platforms;
Specialized credit assessment or delivery models (e.g., underwriting/credit scoring approaches, housing, education, small and medium enterprise finance, energy);
Online or social media platforms for enabling financial access (e.g., peer-to-peer, social media);
Pay-as-you-go, collaborative consumption, and other “embedded” financial service models (e.g., micro-leasing, rent-to-own, modular housing); and
New products (e.g., savings, remittances/payments, microinsurance, and credit) for people living in poverty.
A short term credit facility to finance production inputs and associated costs to medium and large scale Seed Grower Farmers.
An active Equity Bank account holder or willing to open and operate an account with Equity Bank (K) Ltd.
Demonstrate ability to repay.
At least one-year experience in commercial seed growing, or one successful production cycle (this need to be evidenced by proof of the past sales records & receipts, previous banking history, or recommendation from Kenya Seeds Company, or any other seed multiplication contracting company.).
At least 2 acres of seed production land.
Ability to contribute 30% of the total production cost (either cash or in kind).
Documentary evidence of farm ownership or a valid lease agreement covering at least one future production cycle.
Provide signed seed production contract with the contracting company.
Equity Bank statement
Past sales records & receipts, previous banking history, or recommendation from Kenya Seeds Company, or any other seed multiplication contracting company.
Commitment to contribute 30% of the total production cost (either cash or in kind).
Title deed or a valid lease agreement covering at least one future production cycle (at least 2 acres)
Signed seed production contract with the contracting company.
An Agribusiness loan designed for crop farmers who do not have contracts with reputable off takers. The loan gives farmers flexibility of repayment cycles designed to correspond to the respective crop seasons.
KES 2,000,000
Past crop production records
Projected cash flow
Suitable security requirements
Must have been in production for at least two crop cycles
A business financing facility where businesses are able to sell their outstanding invoices to a Factor so as to get a cash advance of up to 85% of the invoice value within 24 hours.
KES 5,000,000
Any business that engages in credit transactions. As long as there is a delivery note to show that goods were delivered and an invoice which would have to be presented to Momentum Credit for factoring.
Copy of certificate of incorporation
Copy of CR12
Copy of Company PIN
Copy of Tax Compliance Certificate
Company Profile
Copy of Director’s PIN
Copy of Director’s National ID
Audited Accounts (for the past 3 years)
Bank Account Statements (for the past 12 months)
Current Debtor Ageing Report (for the client company)
Current Creditors Report (for the client company)
Current Creditor Ageing report (for each proposed factoring customer)
3 sample invoices (for each proposed customer in the past 12 months)
SME Bizna loan is designed with the needs of small business people in mind to supply them with a short-term financing facility for working capital needs
KES 3,000,000
Duly constructed business financial statements for at least 12 months
Certified 12 month bank statements
Business Licences
Minimum of 3 years trading history within local markets to support loan amounts
An Agribusiness loan designed for crop farmers who do not have contracts with reputable off takers. The loan gives farmers flexibility of repayment cycles designed to correspond to the respective crop seasons.
Past crop production records
Projected cash flow
Suitable security requirements
Must have been in production for at least two crop cycles
Certificate of incorporation or certificate of compliance if not locally incorporated
Memorandum and articles of association
Company PIN certificate
National identification card (for Kenyan citizens)/Passport (for foreigners) for all directors (plus ultimate beneficiary owners if company is owned by other companies) and signatories/known agents
1 passport-size photo each for all the signatories and directors/known agents
Board resolution specifying the signing powers on the company letter head sealed with the company seal
Residential address confirmation (name estate, road and house number) for all directors and signatories (use the attached format)
Company physical address confirmation (can be found in the new PIN certificates)
Annual returns (for companies registered over one year ago)
Channel farm sales proceeds directly to Transnational Bank or check off arrangements must be in place.
A minimum own contribution of 30% of asset value
Certificate of incorporation or certificate of compliance if not locally incorporated
Memorandum and articles of association
Company PIN certificate
National identification card (for Kenyan citizens)/Passport (for foreigners) for all directors (plus ultimate beneficiary owners if company is owned by other companies) and signatories/known agents
1 passport-size photo each for all the signatories and directors/known agents
Board resolution specifying the signing powers on the company letter head sealed with the company seal
Residential address confirmation (name estate, road and house number) for all directors and signatories (use the attached format)
Company physical address confirmation (can be found in the new PIN certificates)
Annual returns (for companies registered over one year ago)
Revenue stamp – KES100
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Youth Enterprise Development Fund -Business Expansion Loan (Vuka)
The loan is advanced to youth who have existing businesses and are able to provide security. The financing provides friendly large scale financing for business expansion to applicants (may be individual, partnerships or limited companies)
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Youth Enterprise Development Fund -Agri-Vijana Loan
The Youth Enterprise Development Fund has partnered with Smart Solutions Africa (SSA) to support young farmers in acquiring green houses and global compliant agricultural inputs
Gives producer organisations and SMEs access to affordable financing which allows the organisations to better finance the purchase and processing of their products, which enables them to sell at better prices and under better conditions. Finances sustainable value chains in coffee, cocoa, honey, cotton, spices, nuts, peppers, soya and canned and dried vegetables. In addition we finance fixed assets, such as the extension of production lines.
Finances the missing middle - organisations that are not eligible for financing by microfinancing organisations or commercial banks.
The focus lies on the financing of farmer producers cooperatives
The facility supports SMEs and Individuals acquire assets such as Personal cars, trucks, trailers, plant machinery etc. with affordable Insurance premium financing
It is a temporary facility that may be utilised by a customer and is normally regarded as being short term borrowing. Requests are usually associated with an unexpected expense that has been incurred.
KES 10,000,000
Account holders for a period of 6 months
Business must have operated for a period over 1 year
This is a short to medium term loan granted to customers to finance Expansion and the growth of their business i.e. working capital and business expansion
KES 10,000,000
KYC documents i.e. directors ID and PIN, Company PIN, MEMART and certificate of registration
Business records
Copy of security
Dully completed loan application as per account mandate and appraisal form, resolution to borrow.
Current Valuation Report from bank’s authorized valuers is required for used motor vehicles
Complete security perfection after the approval.
Detailed call report including photos and sketch maps
12 months bank statement with Maximum EMI(Equated Monthly instalment) of 30% of MACAT(monthly Average Credit Account Turnovers)
Provide documentary evidence of at least three year experience in the line of business
For limited companies Specific debenture over the asset being purchased
An Agribusiness loan designed for crop farmers who do not have contracts with reputable off takers. The loan gives farmers flexibility of repayment cycles designed to correspond to the respective crop seasons.
•Past crop production records
•Projected cash flow
•Suitable security requirements
•Must have been in production for at least two crop cycles
A short to Medium term credit facility to help farmers purchase farm inputs such as seeds, fertilizers and chemicals, pay for lease of additional agricultural land, buy livestock, meet their harvesting and marketing costs and also finance other social development needs.
Detailed Analysis of the agricultural project including expected revenues and all the cost items e.g. seeds, animal purchases, herbicides, pesticides, harvesting and labour.
A comparative analysis of the neighbourhood to establish the kind of farming carried out, expected harvest and suitability of the farming activity the customer is carrying out
12 months bank statement
Documentary evidence of farm ownership or a valid lease agreement covering at least one future production cycles
Documentary evidence of the last three year experience in the line of business
Good credit history
For limited companies Specific debenture over the asset being purchased
KYC documents i.e. directors ID and PIN, Company PIN, MEMART and Certificate of registration
Business records
Copy of security
Land ownership/lease agreements documents
Dully completed loan application as per account mandate and appraisal form, resolution to borrow.
Current Valuation Report from bank’s authorized valuers is required for used motor vehicles
Complete security perfection after the approval.
Detailed call report including photos and sketch maps
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Youth Enterprise Development Fund -Constituency Based Loans
The Financing Gateway provides you with a free listing of the many financing instruments available for MSMEs. It enables you to filter the instruments that match your needs and click through to the –financing provider’s Internet pages or Contact agent details to find out more and apply.
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