Jenga Biashara Plus Loan

This Loan offers quick access to low cost loans to support micro customers to expand their existing businesses.

Target Market
It is specially designed to cater for the financing needs of micro entrepreneurs who own established businesses and are seeking to expand their operations.

Features
• Amount – Up to Ksh. 5 Million
• Interest Rate on reducing balance – To be advised
• Negotiation fee – 3% ; Insurance Premium – 1%
• Repayment – Up to 48 Months

Benefits
• Automatic credit card up to Ksh. 50,000
• Membership to business club
• Flexible collateral requirement
• Extended loan amounts with longer repayment period.

Eligibility
• 2 years of business operation
• Bank account with National Bank or any other bank
• Good CRB reference
• Demonstrated ability to repay the loan.

Collateral Requirements
• Motor vehicles
• Legal charge
• Debenture /Chattels – Business & Household items and equipment.
• Cash cover