Starting a small hustle or need to stock your shop? Microcredit can push you forward. It’s a small loan with big potential.
Starting a small hustle or need to stock your shop? Microcredit can push you forward. It’s a small loan with big potential.
Faulu Microfinance Bank gives loans from KES 5,000 up to KES 1 million, with repayment time from 6 to 24 months and interest rates about 18% per year. They make it easy to apply, with little paperwork, and money reaches you fast—perfect for small business folks needing quick cash.
From my side, Faulu Microfinance Bank is a good choice for entrepreneurs who want quick cash without too much hassle and fair terms in Kenya’s microloan scene.
Rafiki Microfinance Bank gives loans starting at KES 10,000 and going up to KES 1.5 million, with repayment periods from 3 to 18 months and interest rates around 16% per year. They keep things simple and quick, so small business owners and individuals can get money fast without too much paperwork or heavy collateral.
From my view, Rafiki Microfinance Bank is a good choice if you want affordable microloans with clear terms and a quick process in Kenya’s market.
Fortune Credit offers loans from KES 20,000 up to KES 2 million, with repayment periods between 6 and 24 months and interest rates around 17% per year. Their process is quick and simple, perfect for small business owners and informal workers who need cash fast without too much hassle.
From where I stand, Fortune Credit is a solid choice for anyone looking for quick, flexible loans with reasonable costs in Kenya’s microcredit scene.
Oya Microcredit gives loans from KES 15,000 up to KES 800,000, with repayment periods between 3 and 12 months and interest rates around 19% per year. They focus on quick online loans with little paperwork, so small business owners and individuals can get money fast without much hassle.
From my view, Oya Microcredit is a solid pick for those who want fast and simple loans, even if it costs a little more.
Queensways Sacco offers loans from KES 10,000 up to KES 1.2 million, with repayment plans that run between 6 and 24 months and interest rates around 14% per year. These loans are mainly for members, making it easier and cheaper to borrow with less hassle during application.
From what I’ve seen, Queensways Sacco is a solid and affordable choice for people who want trustworthy loans within a supportive community.
Kenya Women Microfinance Bank (KWFT) offers loans from KES 10,000 up to KES 2 million, with repayment periods lasting between 6 and 36 months and interest rates around 15% per year. They focus on helping women get credit easily, with flexible payment plans and little need for heavy collateral.
From where I stand, KWFT is a solid choice for women looking for fair and practical loans that back their business goals.
SMEP Microfinance Bank gives loans from KES 20,000 up to KES 3 million, with repayment periods between 6 and 36 months and interest rates around 16% per year. They focus on helping small and medium businesses get the right amount of cash with flexible payment plans that fit how the business makes money.
From what I’ve seen, SMEP Microfinance Bank is a trustworthy option for SMEs wanting flexible loans that support their growth plans.
Uwezo Microfinance Bank gives loans from KES 5,000 up to KES 1 million, with repayment periods between 3 and 24 months and interest rates around 18% per year. They focus on helping small business owners and individuals get cash quickly, with easy terms and a fast turnaround.
From where I stand, Uwezo Microfinance Bank works well for quick, flexible loans that support small business owners in Kenya.
Musoni Microfinance offers loans from KES 5,000 up to KES 1.2 million, with repayment periods lasting 6 to 18 months and interest rates around 14% per year. Their all-digital process means you can apply and get money quickly, which works well for small business owners who want speed and transparency.
From what I see, Musoni Microfinance is a great fit for business owners who want fast and easy loans without fuss, especially if you’re comfortable with digital services.
Sumac Microfinance Bank gives loans from KES 10,000 up to KES 1.5 million, with repayment terms between 6 and 24 months and interest rates about 17% per year. They focus on helping small business owners get cash fast, with flexible payment plans and little paperwork to slow things down.
From what I’ve seen, Sumac Microfinance Bank is a dependable option for small business owners needing quick and flexible loans in Kenya.
Salaam Microfinance Bank offers loans from KES 5,000 up to KES 1.2 million, with repayment terms between 3 and 24 months and interest rates around 16% per year. They focus on quick loan processing for small business owners, with flexible payment plans and little need for collateral.
From what I’ve seen, Salaam Microfinance Bank is a solid pick for small business owners looking for easy and flexible loans in Kenya.
U&I Microfinance Bank gives loans from KES 10,000 up to KES 1 million, with repayment periods between 6 and 24 months and interest rates around 17% per year. They make borrowing simple and fast, focusing on small business owners who need quick cash with flexible payback plans.
From what I’ve seen, U&I Microfinance Bank is a solid choice for small businesses looking for quick, flexible loans in Kenya.
Caritas Microfinance Bank lends from KES 5,000 up to KES 1.5 million, with repayment terms between 6 and 24 months and interest rates about 15% per year. Their loans suit small businesses and individuals, with fast approvals, flexible payment plans, and little need for collateral.
From what I’ve seen, Caritas Microfinance Bank is a solid and approachable choice for small businesses needing flexible and affordable loans in Kenya.
Jijenge Credit offers loans from KES 5,000 up to KES 500,000, with repayment periods between 3 and 18 months and interest rates around 20% per year. They focus on small business owners who need quick cash, with easy applications and payment plans that work with irregular incomes.
From what I’ve seen, Jijenge Credit works well for quick, easy loans but might not fit those needing bigger amounts or lower rates.
MyCredit Limited gives loans from KES 2,000 up to KES 100,000, with repayment periods between 7 and 30 days and interest rates around 20% per month. It’s built for people who need quick cash on short notice, with a simple mobile app and almost no paperwork.
From what I’ve seen, MyCredit Limited works well if you want a fast, small loan, but it’s not the best fit for bigger or longer-term borrowing.
KCB Bank gives microloans from KES 10,000 up to KES 2 million, with repayment periods between 6 and 36 months and interest rates starting around 14% per year. They mix easy digital access with personal service, helping small businesses and entrepreneurs get the funding they need to grow.
From what I’ve seen, KCB Bank is a solid choice for entrepreneurs looking for trustworthy and flexible microloans to help their businesses expand.
Equity Bank offers loans from KES 5,000 up to KES 5 million, with repayment periods between 6 and 36 months and interest rates starting around 15% per year. They combine easy digital access with personal support to help small businesses and individuals across Kenya get flexible credit.
From what I’ve seen, Equity Bank is a solid and flexible choice for microloans, well suited to Kenya’s wide range of entrepreneurs.
| Institution | Loan Amounts (KES) | Loan Terms | Interest Rate (% p.a.) | Bonuses/Promotions |
|---|---|---|---|---|
| Faulu Microfinance Bank | Up to 6,000,000 | Up to 96 months | ~19% | 1% discount on setup fee for Imara Loan, Free Last Expense Cover |
| Rafiki Microfinance Bank | 1,000 – 40,000 EUR (or KES equivalent) | 12 – 120 months | ~5-7% | Promotional fixed interest rates for online loans |
| Fortune Credit | Varies by loan type (e.g., BodaBoda, Agri-business) | Varies | Not specified | Specialized financing for green projects and agriculture |
| Oya Microcredit | Small business loans | Flexible | Competitive rates | No collateral, no CRB check, approval in 48 hours |
| Queensways Sacco | Up to 300,000 (for specific loans) | 6 – 84 months | ~12.96% – 60% | Variety of loan products for different needs |
| Kenya Women Microfinance Bank (KWFT) | 5,000 – 45,000,000 | 6 – 60 months | ~20-22% (flat rate) | Focus on women entrepreneurs, various training programs |
| SMEP Microfinance Bank | From 5,000 up to 1,000,000 | Up to 12 months | Competitive | Fast processing, no penalty for early repayment |
| Uwezo Microfinance Bank | 10,000 – 14,000,000 | 3 – 8 years | Not specified | Focus on youth and women groups, JuaKali operators |
| Musoni Microfinance | 5,000 – 3,000,000 | 3 – 12 months | ~18-22% (flat rate) | Group and individual loans available |
| Sumac Microfinance Bank | Varies | Varies | Not specified | Award-winning bank with various loan products |
| Salaam Microfinance Bank | Varies by loan type | Flexible | Attractive | Financing for personal needs, business, and groups |
| U&I Microfinance | Varies | Up to 36 months | ~7% | – |
| Caritas MFB | Varies | Up to 10 years | ~16-21% | – |
| Jijenge Credit | 5,000,000 – 1,000,000,000 | Up to 20 years | From 14% | Mortgage and housing loans |
| MyCredit Limited | Varies | Varies | Not specified | Kuza Elimu initiative for schools, working capital for businesses |
| KCB Bank | 20,000 – 8,000,000 | 1 – 60 months | ~14.6% + margin | Mobile banking and large branch network |
| Equity Bank | 100 – 3,000,000 | Up to 24 months | Not specified | Eazzy Loan available on mobile, instant disbursement |
