Types of Musoni Kenya Loans

Musoni Kenya Loans, Musoni Microfinance Loans, Types of Musoni Kenya Loans, Musoni Kenya, Musoni Kenya Contacts, Musoni Kenya Agricultural Loans, Musoni Kenya Asset Finance Loans, Musoni Kenya Education Loan, Musoni Kenya Wepesi Loan
Musoni Kenya Loans

Here are different types of Musoni Kenya loans that may be of help to you. Musoni Kenya is a microfinance institution in Kenya that provides financial services to its clients via mobile payments.

The institution was founded in 2010 and their main target is Kenyans who are unbanked. Musoni Kenya currently focuses on the urban and semi-urban areas but they are now shifting gears to rural areas.

The microfinance institution provides different types of loans to their clients, and today we are going to take a look at them.

Types of Musoni Kenya Loans

1. Musoni Kenya Agricultural Loans

This type of loan is tailored for smallholder farmers to expand their farms in order to generate high income.

(A )Group Kilimo Booster

  • Loan amount is from Ksh. 5,000 to Ksh. 140,000.
  • Loan repayment period is 3 to 12 months.
  • Registration is free.
  • Upfront fee is 4%

(B) Group Kilimo Booster

  • Loan amount is from Ksh. 100,000 to Ksh. 500,000.
  • Loan repayment period is 3 to 24 months.
  • Registration is free.
  • The upfront fee is 4%.
READ :  How to Apply For Musoni Mobile Loan

Loan cycle

  • Entry loan.

Individual Kilimo Booster

  • Loan amount is from Ksh. 100,000 to Ksh. 3 million.
  • Loan repayment period is 3 to 36 months.
  • Registration is free.
  • The upfront fee is 4%.

Loan cycle

  • Entry loan/graduate.

Requirements

  • Your business should be at least 1 year old.

Click HERE to apply

2. Musoni Kenya Asset Finance Loans

This type of loan is tailored for borrowers who want to purchase assets.

Features

  • Loan amount is from Ksh. 3,000 to Ksh. 3 million.
  • Loan repayment period is 6 to 36 months.
  • Registration is free.
  • The upfront fee is 4%.

Requirements

  • Should be a Kenyan citizen who is 18 years and above.

Loan Products

  • Clean energy loan
  • Water tank loan
  • Motor vehicle loan
  • Motorcycle loan

Click HERE to apply

3. Musoni Kenya Loans

This type of loan is for supporting borrowers who have their own businesses and want to expand them.

Nawiri

  • Loan amount is from Ksh. 5,000 to Ksh. 140,000.
  • Loan repayment is 3 to 12 months.
  • Registration is free.
  • Upfront fee is 4%.

Loan cycle 

  • Entry loan.

Requirements

  • Business needs to be at least 6 months old.

Stawi

  • Loan amount is from Ksh. 100,000 to Ksh. 500,000.
  • Loan repayment period is 3 to 24 months.
  • Registration is free.
  • Upfront fee is 4%.

Loan cycle

  • Entry loan

Requirements

  • Business needs to be at least one year.

Shujaa (individual)

  • Loan amount is from Ksh. 5,000 to Ksh. 140,000.
  • Loan repayment period is 3 to 36 months.
  • Registration is free.
  • Upfront fee is 4%.

Loan cycle

  • Entry loan

Requirements

  • Business needs to be at least one year.

Click HERE to apply

4. Musoni Kenya Education Loan

This type of loan is for people who want to go back to school and gain knowledge.

School Fees Loan

  • Loan amount is from Ksh. 5,000 to Ksh. 100,000.
  • Loan repayment period is 4 to 12 months.
  • Registration is free.
  • Upfront fee is 4%.

Eligibility

  • Borrowers with school-aged children and have fees arrears.
  • School Improvement Loan
  • Loan amount is from Ksh. 100,000 to Ksh. 3 million.
  • Loan repayment period is 4 to 36 months.
  • Registration is free.
  • Upfront fee is 4%.

Requirements

  • School needs to be at least one year old with 50 students.

School Salary Loan

  • Loan amount is from Ksh. 5,000 to Ksh. 100,000.
  • Loan repayment period is 4 to 12 months.
  • Registration is free.
  • The upfront fee is 4%.

Requirements

  • Employed staff who is full-time and the school they are in should be associated with Musoni Kenya

Click HERE to apply

5. Musoni Kenya Wepesi Loan

This type of loan is for borrowers who have an emergency.

Features

  • Loan amount is from Ksh. 1,000 to Ksh. 50,000.
  • Loan repayment period is 1 to 3 months.
  • Registration is free.
  • The upfront fee is 4%.

Loan Cycle

  • Repayment of at least one loan.

Requirements

  • 2nd loan cycle

Click HERE to apply

In case of any issue related to Musoni Kenya loans, you can get in touch with customer care using the contacts below.

Musoni Kenya Contacts

Call: 0709 761 101 or 0709 761 111

Email: customerservice@musoni.ke

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