About The Loan
The loan targets to support youth entrepreneurs in the green economy. It finances projects in renewable energy, eco-tourism, waste management, organic farming, afforestation, carbon credits among others. It targets start ups and existing businesses.
Loan Amount:
- Minimum: Kshs.. 20,000 – Maximum: Kshs.. 2,000,000
Loan Term:
- Maximum: 2 years
Repayment Period:
- Kshs. 20,000: Max 6 months
- Kshs. 20,001 – 50,000: Max 9 months
- Kshs. 50,001 – 100,000: Max 12 months
- Kshs. 100,001 – 500,000: Max 18 months
- Kshs. 500,001 – 2,000,000: Max 24 months
Collateral/Security:
For loans up to Kshs.. 100,000:
- Social collateral from Aggregate, CBO, Investment Club, or SACCO
- Flexible security (chattels, stock, business assets, livestock, and/or guarantees)
For repeat borrowers (up to Kshs.. 300,000):
- Flexible security for those who have successfully repaid the first loan
For loans above Kshs. 100,000:
- Conventional security required