The Short Term Loan is a loan offered to women groups in Coastal Kenya region whereby group members act as guarantors for each other’s loan. The facility is made available based on the client monthly income, credit history and group guaranteed individual loan maximum.
Loan amountUp to Kshs 50,000
Loan ApplicationVia mobile short code #876* after the client is pre-approved
DurationUp to 10 months
Interest methodDeclining Balance
Interest rate10% per month
ExtendableYes (terms and conditions apply)
Repayment MethodMpesa transfer
- National ID for borrower;
- Good credit history and current standing;
- Group of at least 5 members.