What is Faulu Micro Unsecured Loan?
Have you been operating a business for at least 1 year and are in need of cash to boost your Biashara to maybe finance LPOs, boost supplies to meet demand and meet business emergencies?
Micro Loan is the ultimate solution for you. We will advance you with an unsecured quick loan of up to Kes. 500,000 using your chattels or have it partially secured for amounts up to 3 Million!
Micro Loan is the ultimate solution for you. We will advance you with an unsecured quick loan of up to Kes. 500,000 using your chattels or have it partially secured for amounts up to 3 Million!
What's in for you?
- Multipurpose loan for small businesses/entrepreneurs
- You can get working capital, LPO financing and funding for business emergencies
- You can get a minimum of KES. 1M and a maximum of KES. 3M
- Response within 48 hours subject to credit approvals
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How does it work?
- Must have operated personal account(s) for at least 6 months consistently
- Must have operated business for a minimum of 1 year
- Sufficient account turn-overs to support repayment
- Demonstrated ability to repay
Want to know more about Faulu Micro Unsecured Loan?
If you want to know more, we've put together some frequently asked questions for you.- Business assets – machines
- Households Assets –TV, Fridges etc.
- Business stock - hypothecation
- Motor vehicles
- Land - title deeds
- Shares quoted at NSE
- Two (2) guarantors (indemnifiers) – with active accounts
- Three referees, e.g. a landlord, religious person, suppliers (NB: Refs should not be family members)
Acceptable securities include Chattels mortgage on:
Conventional securities include:-
Processing fee, credit life and the prevailing interest rate.