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Boresha Biashara

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This is a facility targeted at the individuals with a performing business who do not fit the group model due to the demand of the business in the socio-economically marginalized rural Kenya. Boresha Biashara Loan is used to finance clients to assist them boost their business with working stock or to increase capital.

One can qualify for amounts as low as ksh 50,000 with a maximum repayment period of 36 months.

The repayment period ranges  from 6 Months to 36 Months. The loan size ranges between Kshs. 50,000 to Kshs. 2,000,000.


Requirements

Loan Guarantee Deposit

15% of Loan amount Compulsory Savings

Compulsory minimum Monthly savings of Kshs. 2,000 subject to the loan amount

Collateral

Minimum value of 150% of the loan amount (valuation template to be attached).

√  Plots with rental houses and proof of rental income.

Chattel Mortgage on Business assets especially machinery.

Motor vehicle log books with transfer letters duly signed.

For motor vehicle purchased with loan, the security should be registered in the name of Yehu until is fully serviced.

But the client can continue borrowing additional funds automatically even after completion of the asset loan

Title deeds or authentic letters of allotment.

Share Certificates (for listed company/CDS statement (75% value of the shares).

Yehu Members Association Share certificates are acceptable.

2 guarantors One of the guarantors must be Yehu existing client who made the referral and the member must have been in Yehu for at least Two Years.

Asset Value Rate apply to be determined by YEHU


 

 


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