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October 18, 2019

CENTURY MICROFINANCE BANK LOANS

DHARURA LOAN – School fees loan, Hospitalization, NHIF Contribution

Dharura Loan, aka (Emergency Loan) is designed to cater for emergency needs by helping to lighten the burden of unforeseen emergencies like hospitalization and School fees. The repayment period is within 26 to 52 Weeks or 3 to 12 months. The loan size ranges between Ksh. 5,000to Kshs. 500,000.

Requirements

  1. Kenyan citizen, over 18 years & National ID card,
  2. KRA PIN certificate and passport Photograph.
  3. 10% compulsory savings
  4. 2 guarantors and must open accounts with CMFB.
  5. Stock and Chattel insurance.
  6. Passport Photograph (for first loans only.)

JIJENGE LOAN

This facility is available for both corporate and individual clients for purposes of development or to enable you to acquire an asset. You can enjoy or make immediate use of the asset at today’s cost and begin reaping immediate benefit while paying slowly for it. The loans range from Kshs 100,000. Jijenge Loan, (Projects Loan), is used in financing development projects and medium to long term Micro leasing. The repayment period is between 3 to 12 Months. The loan size ranges between Kshs. 100,000 and Kshs. 1,000,000.

Requirements

  1. Kenyan citizen, over 18 years,
  2. National ID card,
  3. KRA PIN certificate
  4. Photograph (for first loans only.)
  5. At least 6 Months Bank statements for clients who have not been with century for at least 3 months.
  6. Management or Audited accounts(in case of a company)
  7. Business has been running for at least 6 months

BORESHA LOAN

This is a facility targeted at the business people to assist them boost their business with working stock or to increase capital. One can qualify for amounts as low as ksh 5,000 with a maximum repayment period of 36 months. In Summary, Boresha Loan (Business Loans) is used to finance Medium Term Working Capital and include Investment loans. The repayment period ranges are from 26 to 156Weeks or from 3 to 36 Months. The loan size ranges between Kshs. 5,000 to Kshs. 1,000,000.

Boresha Msingi Loan- Weekly and Monthly Business Loan

Requirements

  1. Kenyan citizen, over 18 years & National ID card,
  2. KRA PIN certificate and passport Photograph.
  3. 10% compulsory savings
  4. 2 guarantors and must open accounts with CMFB.
  5. Stock and Chattel insurance.
  6. Passport Photograph (for first loans only.)
  7. Business has been running for at least 6 months

 

  • Loan Size (Min.-Max.): Ksh.5,000- 200,000   (1st loan should not be more than 100,000)
  • Duration of Loan (Min.-Max.): Min- 3 months and Max  – 12 Months

 

Boresha Imara Loan – Weekly and Monthly Business Loan

Requirements

  1. Kenyan citizen, over 18 years & National ID card,
  2. Business has been running for at least 6 months,
  3. PIN certificate and passport Photograph.
  4. 10% compulsory savings
  5. 2 guarantors and must open accounts with CMFB.
  6. Stock and Chattel insurance.

 

  • Loan Size (Min.-Max.): Kshs. 5,000 – 1,000,000
  • Duration of Loan (Min.-Max.): Min – 3 months and Max – 24 Months

Boresha Dhabiti Loan (Fully Secured) – Weekly and Monthly Business Loan

Requirements

  1. Kenyan citizen, over 18 years, National ID card,
  2. Stock insurance.
  3. 10% compulsory saving,
  4. Business has been running for at least 6 months
  5. KRA PIN certificate
  6. Passport Photograph.

 

  • Loan Size (Min.-Max.): Kshs. 5,000 – 5,000,000
  • Duration of Loan (Min.-Max.): Min – 3 months and Max – 36 Months

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