SMALL BUSINESS LOAN

SL Description Product and Services
1 Member Admission fees Applicable
2 Loan Processing Fees Applicable
3 Frequency of meeting No Meeting
4 Cash Collateral against principal loan Applicable
5 Interest of savings Not Applicable
6 Type of loan product Small Business Loan (Individual) (both male & female)
7 Loan size (1st cycle) KSH 70,000 for 6 months
8 Loan duration 5 months and 10 months
9 1st loan disbursement After one week
10 Loan increment each cycle Ksh.20,000 for 5 months and Ksh.20,000 for 10 months
11 Service charge/Interest Rate Applicable
12 Mode of repayment Weekly/Monthly
13 1st installment After one week/After one Month
14 Number of installment 20 weeks / 5 months OR 40 weeks / 10 months
15 Installment 5 months weekly/monthly OR 10 months weekly/monthly
16 Loan insurance/risk premium Applicable
17 Risk cover LOP will be written-off in case of borrower death
18 Advance installment Not applicable if it is monthly for 5 months

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