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This loan provides funding for the development and improvement of school infrastructure, including classrooms, laboratories, dormitories, and other essential facilities. With competitive interest rates and flexible repayment terms, schools can upgrade their learning environment while maintaining financial stability. Collateral such as school assets or government allocations may be required to secure the loan.

Benefits

Maximum Loan Amount

Maximum amount of KES. 10M. Amounts above 10M must be fully secured with accepted collaterals.

Flexible Repyament Period

10 - 15 years loan tenor.

Loan Repayment

Loan repayment - termly installments.

What We Need From You*

  • Completed loan application form.
  • Copy of National ID/Passport for account signatories (Certified against original).
  • Copy of KRA PIN for account signatories.
  • Account signatories' colored passport-size photo.
  • Approval to borrow from the county director.
  • Projected cash flows and underlying assumptions.
  • List of debtors and creditors duly aged.
  • Deed of assignment to channel all the school fees into the KCB account.
  • Banking relationship for at least 6 months.
  • Bank account statements of 12 months for multi-banked schools.
  • Audited accounts for the last 3 years for amounts above 5M.
  • Income/expense statements for 12 months in absence of audited books of accounts.
  • Board resolution to borrow.
  • Certificate of registration with the MOE (Provide progress details if the certificate is not yet available).
  • Copy of proposed collateral (for secured facilities).
  • Breakdown of cost supported by proforma invoices or Bill of Quantities (for infrastructure loan).
  • Submission of approved building plans by an architect (for infrastructure loan).
  • Submission of approved structural drawings by a structural engineer (for infrastructure loan).
  • Submission of priced Bill of Quantities duly signed by the QS (for infrastructure loan).
  • NEEMA approval where applicable (for infrastructure loan).
  • Contractor licenses (NCA, County) and CV of past performance (for infrastructure loan).
  • Performance bond by the contractor (for Infrastructure loan).
  • Breakdown of cost supported by proforma invoices or Bill of Quantities (for Infrastructure loan).

Rates & Fees*

  • Interest rate - Risk based lending.
  • Zero negotiation fees/Rate.
  • Termly installments should not exceed 40% of actual termly school fees payment.
  • Minimum amount of KES. 100,000.00.
  • Maximum amount of KES. 10M. Amounts above 10M must be fully secured with accepted collaterals.
  • 10 - 15 years loan tenor.
  • Loan repayment - termly installments.
  • Collateral - Deed of assignment to channel all the school fees into the KCB account.
  • Board resolution to borrow.
  • Registration certificate from the Ministry of Education.
  • Simple deposit of property under development, a valuation report, and an undertaking to charge for unsecured amounts.

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