BACKED BY OLDMUTUAL
Grow and improveWith our Group Business Loan,
you can grow and improve your business.

What is Group Business Loan?

A financing solution for self-help groups to grow and improve their businesses.

What's in it for you?

  • Flexible collateral options
  • Access to multiple loans subject to the ability
  • The loan size is a minimum of Kshs. 5,000 and a maximum of Kshs. 500,000
  • Tenure is a minimum of 3 months - 24 Months


How does it work?

  • The loan is aimed at business growth and improvement
  • Covers agricultural needs
  • Kenyan citizen 18 years and over, National ID card, business set-up of at least 6 months
  • 20% compulsory savings. Consistent Contributions over 8 Weeks (Lump sums LSF deposits will not be considered)
  • Group attendance and discipline for 8 Weeks
  • Must have undergone LOS
HOW TO APPLY?Ready to grow and improve your business? Fill in our application form.

Want to know more about Group Business Loan?

If you want to know more, we've put together some frequently asked questions for you.
    • LSUF: 3% of the principal
    • GCIF:1.25% of principal p.a
    • Chattels mortgage: as per tariff
    • All fees are loaded into the principal loan amount
    • 20% compulsory savings if the client has only one loan. If more than one please refers to general conditions for details of LSF
    • Group pressure
    • Chattels Mortgage
    • Own collateral 150% of the loan value
    • Stock hypothecation

    In order for you to qualify for a top-up on your loan, you must have serviced the current loan to half of the loan term with no arrears.