Secured Biashara Micro-Loans
The Secured Biashara Micro-Loan is designed for small and growing businesses that need quick, manageable finance to top up stock, manage daily operations or smooth out cash-flow dips.
The product targets SME customers, uses a motor vehicle as collateral, and offers tenors of up to 6 months keeping your debt short, focused and manageable.
Limit amount and analysis: Kes 100,000 - 300,000 per individual.
Target Market: SMEs with active businesses.
Tenor: Up to 6 months.
Purpose: Short-term business growth and continuity (e.g. stock, operating expenses, short contracts).
Collateral: Motor vehicle (no age limit) in good condition, with suitable insurance in place.
Insurance: Comprehensive insurance exempted, 3rd party insurance to be under the owner of collateral and subject to confirmation on DMVIC