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Micro Loans
Jitahidi Microfinance Bank offers entrepreneurs the opportunity to easily access loans in a quick, transparent and efficient environment.
Our expertise and international standards assure our clients of quality service and delivery. Loans currently range from Kshs 15,000 to Kshs 5,000,000; maximum maturity is 18 months; for larger loan sizes, please visit the SME section .
* Repeat customers can apply for up to Kshs 5,000,000 under micro loans.
Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
Features
- No mandatory deposits/savings.
- No audited financial statements required.
- Flexible collateral arrangements depending on loan size (household goods, business equipment, goods in stock, vehicles, property etc.)
- Flexible documentation requirements.
- Long-standing clients with impeccable repayment record qualify for successive interest rate discounts and even faster loan processing.
- No borrower groups - you are responsible only for your own loan.
- Free SMS Reminder for your Monthly Repayments
- Upon submission of all required documents, loan disbursement is guaranteed within 3 working days
SME Loans
Jitahidi Microfinance Bank offers business owners of Small and Medium Size Enterprises the opportunity to access loan products in a quick, transparent and efficient way. Building on our global expertise and on our international standards, we can assure our clients highest quality service and delivery. Prospective borrowers do not need to have saved any money with JMB before applying for a loan, as we do not support forced savings. All that is needed is an existing, viable business.
What sets Jitahidi Microfinance Bank apart is primarily the efficiency and ease of access to credit facilities. Documentation and collateral requirements are significantly more flexible than anywhere else in the Nigerian banking sector, and the processing time is the shortest available. Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
Features
- Loans from Kshs 1,000,001 to Kshs 5,000,000 for your existing business
- Competitive Interest Rate starting from 3.0% monthly on reducing balance
- Disbursement fee of 1.0% of the loan amount
- Maturity period from 6 to 24 months with equal monthly installments
- Broad range of collateral items accepted
- Upon submission of all required documents, loan disbursement is guaranteed within 3 working days
Housing Loans
Jitahidi Microfinance Bank housing loan is designed to offer financial support to individuals i.e business owners or salary earners who want to achieve their home ownership dream. The housing loan is designed for home renovation, shop renovation and construction of buildings either house or shop. The housing loan currently ranges from Kshs 300,000 to Kshs 3,000,000 with a maximum maturity of up to 24 months. Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
Features
- No mandatory deposits/savings
- No audited financial statements required
- Flexible collateral arrangements depending on loan size (household goods, business equipment, goods in stock, vehicles, property etc.)
- Flexible documentation requirements
- No borrower groups - you are responsible only for your own loan
- Free SMS Reminder for your Monthly Repayments
- Upon submission of all required documents, loan disbursement is guaranteed within 3 working days