Boresha Loan

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NAIROBI STOCK EXCHANGE

BORESHA LOAN

This loan is meant for business people

REQUIREMENTS

• Must have business deposits A/c for daily collection
• Business license required for formal business
• Valid collateral for loans exceeding 100,000
• Duly filled form
• Minimum of 4 guarantors
• Statement – bank, mpesa or Sacco account

FEATURES

• A loan is given four times business deposits
• The first loan is up to a maximum of 20,000/- and subsequent is up to 700,000/-
• Repayable in 6-24 months depending on the amount
• Repayment frequency is daily, weekly and monthly
• Two weeks grace period
• Interest charged – 16%

INUA ADVANCE

Requirements

Must be contributing regular deposits for at least 2 weeks
Duly filled a form with 4 guarantors

Features

Minimum of 1000/- to a maximum 20,000/-
Repayable in 2-30 days
Processing fee 50/-
Interest 6% p.m for loans exceeding 5,000/- and a flat rate of 300 for loans below 5,000

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