This loan provides support to the growth and development of small enterprises with conventional collateral to secure loans.
Loan size: Loan ranges from Kshs 300,001 to Kshs 1,000,000
Repayment period: Maximum repayment period- 36 months
- Conventional security e.g. logbook, title deed, shares etc.
- 10% savings
- Two guarantors with JBB active accounts
- Business must have been operated from a permanent place for at least one year
- Client must have borrowed previously either from JBB or any other bank with no arrears and graduation to be 150% of previous loan subject to ability to pay
- Copy of ID and PIN Certificate
- Copy of Business registration certificate & business records
- Current six months bank statements from other banks
- Loan statement from previous borrowings where applicable
- Spousal consent & Copy of I.D
- Copy of ID and PIN certificates for the guarantors and sign guarantee indemnity
- Copy of utility bill
- Operate JBB account for at least 3 months