Special Projects

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1.Green Loan

Product Features

Facility available for purchase of available solar products which enables the customer to acquire the product at time of need for personal use or to improve performance business and generate cash flows for its purchase.

Benefits

  • Competitive Interest offered
  • Financing of 100% of the cost of the solar product
  • Flexible repayment period
  • Non-conventional collateral
  • Available to individuals and/or groups
  • Cash purchase allowed

Required

  • Operate an active account
  • Must be a member of a group with a minimum of 5 members
  • Must be willing to abide by the co-guarantee mechanism

Must have a cash collateral not less than 20% of the loan amount


Biogas

Product Features

Facility available for purchase of biogas digesters from Simgas Kenya Ltd. of volumes ranging from 3 cubic metres to 14 cubic metres.

Benefits

  • Reduction in daily fuel costs due to less charcoal and LPG consumption. Easy and fast use, no smoke and environmentally friendly
  • Price inclusive of piping, some accessories, delivery,installation, user training and ongoing customer care and a 2 year warranty
  • Financing of 100% of the product
  • Flexible repayment period


Required

  • Operate an active account
  • Must be a member of a group with a minimum of 5 members
  • Must be willing to abide by the co-guarantee mechanism

Must have a cash collateral not less than 20% of the loan amount


Water Tanks

Product Features

Facility available for purchase of available water tanks which enables the customer to acquire the product at time of need for personal use or to improve performance business and generate cash flows for its purchase

Benefits

Different water tank brands are offered i.e. Kentank and Toptank

  • Competitive Interest offered
  • Financing of 100% of the cost of the solar product
  • Flexible repayment period
  • Non-conventional collateral
  • Available to individuals and/or groups
  • Cash purchase allowed


Required

  • Operate an active account
  • Must be a member
  • of a group with a minimum of 5 members
  • Must be willing to abide by the co-guarantee mechanism
  • Must have a cash collateral not less than 20% of the loan amount


Water Purifiers

Product Features

Facility available for the purchase of a water purifier  unit (Pureit) from Unilever. The product is currently available in Nairobi County

Benefits

  • Savings guaranteed as there is no boiling, buying of bottled water, use of electricity or maintenance. 6 month warranty issued
  • Competitive Interest offered
  • Financing of 100% of the cost of the product
  • Flexible repayment period
  • Non-conventional collateral
  • Available to individuals and/or groups
  • Cash purchase allowed

Required

  • Operate an active account
  • Must be a member of a group with a minimum of 5 members
  • Must be willing to abide by the co-guarantee mechanism
  • Must have a cash collateral not less than 20% of the loan amount


2.Usafi Loan

Product Features

Financing Loan scheme to provide sustainable water, sanitation, hygiene (WASH) and energy financing of WASH and energy enterprise in Nakuru, Nairobi and Kajiado counties.Target clients include but are not limited to landlords/ladies from target settlements, sludge management operators & enterprises, artisans (sanitation, water, hygiene, renewable energy and private service providers), WASH enterprises e.g. water vendors, charcoal briquettes entrepreneurs for renewable energy financing

Benefits

  • Competitive Interest offered
  • Financing of up to 100%  of the project based on loan appraisal
  • Flexible repayment period between 3 – 24months
  • Non-conventional collateral allowed as well as tangible securities in some cases
  • Available to individuals and/or groups as well as SME.

Required

  • Operate an active account
  • Must be a member of a group with a minimum of 5 members
  • Must be willing to abide by the co-guarantee mechanism
  • Must have a cash collateral not less than 20% of the loan amount

Must operate within the designated areas


3.Daraja Loan

 

Product Brief

A loan product made for the purpose of bridging the financial gap in SACCOs and MFI to on-lend to their members.


4.Tabibu Loan

 

Product Features

Tailor- made product for private providers in the health care sector. It caters and targets financial needs in hospitals ,clinics ,nursing homes, pharmacies,pathological labs and diagnostic centers. The loan is available for; expansion, renovation and modernization of premise, purchase of medical,diagnostic equipment and office equipment, and working capital requirement.

Benefits

  • Borrowers access technical assistance to better manage their equipment and provide quality healthcare through:
  • Periodic quality assessments
  • Quality training
  • Quality Upgrade Plans: balancing quality and cash flow generating components
  • Safecare certification
  • Competitive interest rates.

Required

  • Open and operate an active account
  • Must be a registered  medical provider
  • Must be a member of recognized  professional health body
  • Operate within a designated area


5.Water Service Providers

 

Product Brief Program provides loans and grants to Water Service Providers (WSPs) to develop water infrastructure to provide clean and safe water for drinking and household use

Product Features

  • Construction of new, additional or extension of existing water treatment plant(s)
  • Rehabilitation and/or modernization of existing source works and water treatment plants
  • Extension of transmission pipelines to new areas
  • Water storage tanks
  • Rehabilitation of water supply distribution network and household connections
  • Construction of main sewer networks,sewer pumping and/or extension of treatment works.
  • Consumer survey, database clean-up,consumer metering
  • Modernization of billing and/or collection systems

Benefits

  • Repayment period stretched to 60 months max
  • Amount from 5M to 100M
  • Finances up to 80% of the project cost
  • Grace period 1yr for construction.

Infrastructure subsidy of 60% available for successful projects.

Required

  • Operate active account
  • WSP  to release and use 20% equity towards implementation of project


6.Private School Banking

 

Product Features

K-Rep Bank provides private schools with financial services to undertake any of the following:

  • Working capital
  • Running overheads
  • Building of class rooms
  • Roofing
  • Expansion
  • Equipping of laboratories
  • Buying school bus etc.

Benefits

  • Flexible repayment periods
  • Appropriate finance for capital investment
  • 3 annual instalments aligned to the schools cash flows at the beginning of the term when students are paying their school fees
  • Issuance of a cheque book
  • Access to our country-wide branch network


7.Malkia Loan

 

Product Brief

A convenient account for entrepreneurs who need to access flexible loans to enhance their businesses.

Benefits

  • Flexible repayment period
  • Training on business management and record keeping
  • Access to a wide variety of financial services
  • Issuance of a cheque book
  • ATM services available country wide

Required

  • Have been in existence for at least two years
  • Be legally registered in Kenya
  • Owned by a woman at least 51%
  • Managed by Woman at Executive level
  • Have growth potential demonstrated by a business plan

The owners must also be able to contribute 20% of the project cost

 

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