Accessing Finance in Kenya

Most women in Kenya work in the agricultural sector and produce most of the agricultural produce in the country. However, when it comes to accessing credit and other forms of agricultural finance, women’s access drops quickly.

Within the non-agricultural sector of the informal economy, women are also very active in informal cross-border trade, where they are involved in a large volume of the goods traded across borders. Similar to those in the agricultural sector, women in informal cross border trade face several huddles in accessing finance.

Public and private institutions in Kenya have identified women’s challenges in accessing finance and have established various programmes to bridge the gap.
angle-left Musoni Microfinance Ltd

Musoni Microfinance Ltd

Brief description

Musoni Microfinance Ltd envisions to be the most efficient microfinance institution in Kenya by being cashless, paperless and data-driven to offer the best value, most flexible and most customer-oriented financial services in the market. It aims to grow, build and maximize the potential of the businesses of the low income and unbanked of Kenya through the provision of affordable, flexible and customer-oriented financial services. Read more

Loans provided by Musoni Microfinance

Loan 1

Agricultural Loan

 

Brief description

This loan enables smallholder farmers to improve their farms and earn a higher income. They include: Group Kilimo Booster (A), Group Kilimo Booster (B) and Individual Kilimo Booster

Duration

Group Kilimo Booster (A):3 - 12 months

Group Kilimo Booster (B):3 - 24 months

Individual Kilimo Booster:3 - 36 months

 Ceiling amount

Group Kilimo Booster (A): KES 5,000– 140,000

Group Kilimo Booster (B): KES 100,000– 500,000

Individual Kilimo Booster: KES 100,000– 3,000,000

Requirements

  • Business must have been in operation at least for 1 year

  • Registration fee - Free

  • Upfront fee - 4%

  • Loan cycle - Entry loan

Loan 2

Asset Finance Loan

 

Brief description

The loan finance people to purchase assets. They include Motor Vehicle Loan, Water Tank Loan and Clean Energy Loan

Duration

6-36 months

Ceiling amount

KES 3,000 – KES 3,000,000

Requirements

  • Upfront fee of 4%

  • Be a Kenyan Citizen, Age 18+ years

Loan 3

Business Loans

 

Brief description

This loan finance people to support their own businesses. They include Nawiri loan, Stawi loan and Shujaa (individual) loan.

Duration

Nawiri loan:3 - 12 months

Stawi loan: 3 - 24 months

Shujaa(Individual) loan: 3 - 36 months

Ceiling

Nawiri loan:KES 5,000– 140,000

Stawi loan: KES100,000– 500,000

Shujaa(Individual): KES 100,000– 3,000,000

Requirements

  • Upfront fee of 4%

  • Loan cycle - Entry loan

  • Business must have been in operation for at least 6 months for Nawiri loan and 1 year for Stawi and Individual loan.
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50 MAWSP

 

The African Development Bank partners with EAC, COMESA & ECOWAS Regional economic blocks to implement the 50 Million African Women Speak Networking Platform Project.The platform is intended to empower millions of women in Africa to start, grow, and scale up businesses by providing a one-stop shop for their specific information needs. Click on the image for more information

 

50MAWS Project engages East African Financial institutions for more financial inclusion. Click on the photo above for the full story