Group Loan/Micro Credit

HomeGroup Loan/Micro Credit

Group Loan/Micro Credit

Requirements

Minimum loan Kshs 30,000
Repayment period 24 months
Consideration x5 deposit
Subsequent loan to be increased by 50%
Security-guarantors by group members (co-guarantors)
Loan amount above Kshs 200,000, will need additional collateral Guarantee

Other Requirements

Group registration by ministry of gender, social and culture Services
Group should open a savings account
Minimum 10, members maximum 20 Share capital per group members

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