KCB bank, a leading bank in Kenya has got a special and specific loan product for MPESA agents. Did you know this? Now you know!
KCB bank has got a special loan product to Safaricom dealers and MPESA agents that require to boost their businesses.
Through this loan facility agents and dealer are able to get loans starting from kes 100,000 up to 10 million for agents and up to 30 million for dealers and enjoy a flexible repayment period of up to 24 months.
Interest Rates
The loan charges 13% interest and negotiation fees of 3%.
Requirements
- Duly completed application forms
- Agency Authority confirmation form from Safaricom PLC
- Evidence of cash flow in the last 12 months
- Trading license and Registration certificate
- Commission earned from Safaricom should be paid through KCB bank
- Brief details of the business and other sources of income.
How To Apply
To apply you can visit any KCB branch with the above requirements and apply for the loan or apply online or contact your relationship manager to apply.
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