Working Capital
Biashara Boost
Working capital for small businesses looking to expand stock
View detailsGroup Lending
Chama Group Loan
For registered chamas and table-banking circles of 3 to 15 members. The group's officials act as guarantors - no physical collateral needed.
01The details
What Chama Group Loan offers
- Group guarantee by the chairperson, treasurer and secretary
- Monthly, weekly or daily repayment plans
- Decision within 2-5 business days
- Full repayment schedule shown before you sign
Documents you'll need
- Copy of national ID and KRA PIN for group officials
- Passport-size photos of group officials
- Group registration certificate
- Minutes of the last 3 consecutive group meetings
- Details of group chairperson, treasurer and secretary (they act as guarantors)
- Details of member savings
- At least 6 months of group bank statements
- Commitment letter signed by the group officials
Terms at a glance
- Amount
- KES 5,000 - 30,000
- Term
- None - None months
- Interest
- 18.0% p.m. flat flat
- Processing fee
- 5.0% once-off
- Decision
- Within 2-5 business days
- Disbursement
- M-Pesa or bank transfer
02Keep looking
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