Jenga Biashara Loan

This is a specially tailored loan product to cater for working capital needs for small businesses.

Target Market
Micro entrepreneurs running an ongoing business with need for short term working capital financing.

Features
• Amount – Ksh. 5,000 – 2 Million
• Interest at CBR+4%
• Period – 6 to 24 months
• Negotiation fee – 3%;
• Insurance Premium – Changed to 1%

Benefits
• Quick TAT
• Flexible collateral requirement
• Simple interest calculation
• No prior National Bank banking required.

Eligibility
• At 1 year of business operation
• Bank account with National Bank or any other bank
• Good CRB reference
• Demonstrated ability to repay the loan.
• Requisite documentation