VIJANA BAHARIA LOAN

About The Loan

 

The loan facilitates eligible youth who have accessed employment in cruise ships as seafarers to meet the costs of Pre-Embarkation and Embarkation including certification and training. Youth can access up to KShs.200,000 to be paid within a period of nine months. The loan has a grace period of one month. The loan has no interest but a management fee of 5% of the loan amount will be deducted at disbursement.

Qualifications

1. Must have been recommended by the Kenya Maritime Authority for funding.
2. Must be a member of the Seafarers Union of Kenya.
3. Must have a Letter of Intent for employment or offer letter to work as a seafarer.

Security

1. Must have three (3) Guarantors (Parent/guardian, Official of the KMA, and Seafarers Union).
2. Recommendation Letter by KMA.

Requirements

• Police clearance certificate
• CRB certificate
• Membership certificate from Seafarer Union of Kenya /Record book from Seafarers Union of Kenya (SUK).
• Letter of Intent for employment or offer letter/confirmation letter from KMA. (In case the employer gives a letter of offer at the end of the process.)
• Recommendation letter from KMA.
• Two most recent passport photos
• Certified bank statement
• Bank details form
• Copies of ID/Passport
• PIN for borrowers and guarantors
• Duly completed application form.