For inquiries please call: (+254) 701 997 082  |  info@mwangazabiz.com  |  Thika Town

To be eligible for a loan with us, one must meet the following conditions:

  •  Must be within the age of 1 Month to 40 Years.
  •  Must hold a valid ID, BC or Passport.
  •  Must fill an application form for atleast 3 months online or hard copy.
  •  Must hold a Savings/Transactional Bank Account with KCB Bank, Kenya.
  •  The Transactional account MUST be connected to mobile banking Services.
  •  Must be able to save at least Ksh. 500 per month in Savings Account (Build Strong Savings Culture)
  •  Must be willing to undergo Training/Mentorship ( Personal financial management & Enterprenuership)
  •  One must be willing to submit His/Her 3 months bank statement on request by MwangazaBiz Limited.

 

The following items shall be forwarded to MBL as support documents:

  •  Copy of National ID.
  •  Passport size photo.
  •  Attach the latest payslip/Bank statement.

 

Loan Terms

  •  All Micro loans shall be directed to the Transactional Account (For sustainable and accountable financial Inclusion)
  •  The minimum micro Loan is Ksh. 1,000
  •  The maximum micro loan is Ksh. 50,000
  •  Minimum processing fee is Ksh. 200 or 15% monthly, whichever is lower.
  •  The repayment period is STRICTLY 1 Month.
  •  Penalty is Ksh.50 daily on late payment for the first 10 days and Ksh.100 days thereafter.

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