Kingdom Bank
Daraja Loan
This is a micro loan targeting businesspeople who own and manage an established, on-going enterprise which can use the funds to expand their existing business line(s) profitably.
Qualification criteria
Businesses must have been in operation for not less than one year.
The business to be financed must have a regular cash flow; exceptions can be made for Agricultural related activities, schools, supplies, rental incomes depending on the business cycle. Customer and must have banked with us for at least Three (3) months period with satisfactory account conduct.
Account Features
Minimum Kes. 50,000
Maximum Kes. 3,000,000
Interest rate 18%.
Security
Title deeds, Motor vehicle logbooks, Household items or business assets, Business stock
