For a customer to qualify for the Jijenge Biashara loan, they must meet the below criteria.
- a) Entity type: Sole Proprietorship, Partnership and Limited companies.
- b) The entity MUST be operating in Kenya.
- c) The entity must have been in operation for at least 3 years supported by either audited accounts or bank statements.
- d) Positive CRB report.
- e) The maximum amount one can quality for is double the deposit held in a Business Banking savings account.
- f) Consistent monthly/termly account turnovers should not have declined by more than 25% in the preceding 90 days.
- g) Businesses must demonstrate stable cashflows that shall be sufficient to meet the monthly repayment. Normal
credit risk assessment will be done and there should be demonstration of debt service capacity based on business
turnover and financials where necessary for each application.
Additional information may be required depending on the nature of the application.
