Kenya (en)

You might be lookig for?

Commonly Searched pages

Working capital loan that supports Telco Agents in Float purchase and business expansion. The ability is based on M-pesa commissions paid to the agent by Safaricom Plc.

Benefits

Flexible Repayment Period

Repayment period is based on contract issued by Safaricom Plc.

Flexible Collateral

Unsecured up to maximum Kes 10M.

Top-Ups

Top-up allowed based on ability and business need.

What We Need From You*

  • Minimum 6-months commission to have been channeled through KCB account.
  • Valid contract issued by Safaricom Plc.
  • Complete SME loan business application Form.
  • Colored passport photo.
  • Business license or permit where applicable.
  • Copy of collateral provided.
  • Three years financial books of account for amount above Kes 5M.

Identification Documents

  • Individuals: ID original, KRA Pin.
  • Enterprises: Certificate of registration, ID original, KRA Pin for the owner Limited Company: certificate of incorporation, company pin, Board resolution authorizing borrowing, director’s ID &PIN, Memorandum & Articles of Association {CR1,2,8 &12} and company Search.

Rates & Fees*

  • Pricing: Risk based pricing i.e. Banks variable base rate {currently 15.6%} plus a risk margin.
  • Credit Life: 0.34% per annum of the loan advanced by the bank for an individual borrower (Single life) and an additional 0.18% per annum for each additional joint borrower (Joint life).
  • Third party charges: valuation for used asset, security perfection, Guarantee, insurance etc.: based on agreement between customer and service provider.

Interested in MPESA Agent “M-KOPO” Loan or have a question?

You might also be interested in:

Image

SME Secured Loan

Working capital loan for stocking and business expansion which is available to both KCB and non-KCB customers.

Learn more about SME Secured Loan
Image

SME Unsecured Loan

Working capital loan for stocking and business expansion which is available only to existing KCB customers based o...

Learn more about SME Unsecured Loan
Image

MSME Loan Offer

Offered as a partnership between KCB and National Treasury to support MSME businesses access working capital loans...

Learn more about MSME Loan Offer