Group Loans
Loans that are provided to individuals who have registered with a self-help group and have complied with rules and regulations governing such groups.BIMAS Group Loan provides financial services to business people for them to grow. These loans are provided to individuals who belong to a group whereby each member within that group guarantee one another. As a group looking to finance your big dream aimed at a common target, this loan facility is ideal just for those plans.
- Loan Requirements
- Membership 15-20
- Savings 10% of loan amount
- Repayment period 9 months – 18 months
- Grace period: 14 days
- Members save 200 each per meeting
- Securities: Household items
- Loan Phases
- KES.1000 - 30,000
- KES. 31,000 - 60,000
- KES. 61,000 - 100,000
- KES. 101,000 - 150,000
- KES. 151,000 - 200,000
- >KES. 200,000
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