About The Loan
This loan program is available to youth who have secured employment opportunities abroad, as well as to registered private recruitment agencies (on behalf of youth with employment contracts). It aims to assist labor migrants by covering their essential pre-departure expenses. These costs include obtaining a passport, securing a visa, purchasing air tickets, undergoing required medical examinations and vaccinations, taking professional certification exams, and participating in pre-departure training.
Loan Amount:
- For individuals:
- Minimum: Kshs. 10,000
- Maximum: Kshs. 300,000
- For recruitment agents:
- Maximum: Kshs. 5,000,000 (based on total budget for applicants)
Loan Term:
- 6 months (except for jobs with shorter pre-arranged repayment plans)
Loan Security:
- Employer Guarantee (for foreign employment companies)
- First-level guarantors (family members) for individual borrowers
- Conventional security for employment agencies
Required Documentation:
- Employment contract
- Valid passport evidence
- Valid registration license for private employment agencies
- Evidence of successful migrant recruitment and budget for each applicant (for agencies)
- Compliance with documentation and eligibility criteria as per policy