Bosa
Boresha Loan
Boresha loan
Characteristics
1.loan given three times business deposits
2.First loan is up to a maximum of ksh100,000 and the subsequent loan is up to
ksh700,000
3.Repayable in 6-24 months
4.repayment frequency is daily, weekly and monthly
5.two(2) weeks grace period
6.interest charged 16% straight-line Business deposit mature for a loan after a period of 4months
Requirements
1.Must have a business account for daily collection
2.Business license required for formal business
3.Valid collateral for loans
exceeding 100,000
4.Dully filled application form
5.Maximum six(6) guarantors
6.Bank,mpesa,sacco statement
required
