Rausha is a group loan for startup businesses or other income generating activities. Loan amount is Kshs. 100,000. Rausha loan has a three-month grace period. Repayment will be made in twelve (12) equal monthly instalments.
Inua is a business expansion loan for groups. It is advanced to groups with running businesses. Groups which have fully repaid Rausha or loans from other institutions can apply for Inua. Loan amount starts from Kshs. 200,000 and groups can progressively graduate up to Kshs. 1,000,000.
LOAN DETAILS | |
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1 st loan: Maximum Kshs. 200,000 | Payable in 18 months |
2 nd Loan: Maximum Kshs. 400,000 | Payable in 24 months |
3 rd Loan: Maximum Kshs. 600, 000 | Payable in 30 months |
4 th Loan: Maximum Kshs. 800, 000 | Payable in 36 months |
5 th Loan: Maximum Kshs. 1,000,000 | Payable in 36 months |
The first Inua loan has a one month grace period. No grace periods for subsequent loans. Loan amounts for up to Kshs. 500,000 will be secured using chattels while conventional securities will be required for loans above Kshs. 500,000.
Special is available only to groups running business projects that generate money on periodical or pre-determinable irregular periods. It will be available for:
LOAN DETAILS | |
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1 st loan: Maximum Kshs. 100,000 | Payable in 12 months |
2 nd Loan: Maximum Kshs. 200,000 | Payable in 18 months |
3 rd Loan: Maximum Kshs. 400, 000 | Payable in 24 months |
3 rd Loan: Maximum Kshs. 500, 000 | Payable in 36 months |
Smart is available to individuals belonging to a group that has benefitted from YEDF and repaid its loan. It graduates group members to individual borrowers.The borrower could be a startup or for expansion.
Conditions:
4. Swift
Loan Amount and repayment period:
The maximum loan amount will be graduated as a repayment incentive as follows;
1st loan to member | Kshs. 25,000 maximum for 9 months |
2nd loan to member | Kshs. 50,000 maximum for 12 months |
3rd loan to member | Kshs 100,000 maximum for 18 months |
4th & final loan | Kshs 200,000 maximum for 24 months |
2. Existing businesses (No grace period)
1st loan to member without bank statement | kshs 50,000 | 12 Months |
Ksh 35,000 | 9 Months | |
2nd loan to member | Ksh 100,000 | 18 months |
3rd loan to member | Ksh 150,000 | 24 months |
4th loan to member | Ksh 200,000 | 24 months |
For group loans the following documents should be provided at application: