Support youth in existing businesses
Vuka loan is advanced to youth who have existing businesses and Are able to provide security. The objective of vuka loan is to Provide friendly large scale financing for business expansion Applicants may be individuals, partnerships or limited companies. Vuka loan finances business expansions only, not startups. The Applicant may use the loan for working capital or to purchase Income generating assets.
Minimum of: Kshs. 100, 000 Maximum of: Kshs. 2,000,000
|Upto Kshs. 100,000:||Maximum of 2 years|
|Upto Kshs. 300,000:||Maximum of 3 years|
|Upto Kshs. 500,000:||Maximum of 4 years|
|Upto Kshs. 1 million:||Maximum of 5 years|
|Above Kshs. 1 million:||Maximum of 6 years|
All loans will be secured, as follows:
The Loan proceeds will be transferred directly to the clients account through EFT/RTGS. The loan will be repayable on a monthly basis through cash deposit into the Fund`s account as advised in writing.