Loan
About The Loan
E-Yes is available to individuals belonging to a Group, CBOs, Investment Clubs, or SACCOs that has benefited from the YEDF. The borrower could be a startup, expansion, or acquisition of assets. He/She must have a clear business plan for starting a formally recognized business.
Loan Amounts and Repayment:
Maximum Loan Amounts:
- First-time borrowers (start-up business): Kshs. 20,000
- First-time borrowers (existing business): Kshs. 50,000
Maximum Repayment Period: 18 months
Loan Graduation:
- 1st loan: Up to Kshs.. 50,000 for maximum 9 months
- 2nd loan: Up to Kshs.. 100,000 for maximum 9 months
- 3rd loan: Up to Kshs.. 150,000 for maximum 12 months
- 4th loan: Up to Kshs.. 200,000 for maximum 18 months
Collateral Requirements:
- Group members shall co-guarantee and sign a guarantee/undertake to repay the loan.
- Business assets, stock, livestock, and household chattels of the borrower