STAWI LOAN

About The Loan

Stawi a group loan for startups, running group projects/business expansion, special business projects that generate money periodically or during pre-determinable irregular periods and acquisition of group business assets.

Loan Amount and Repayment

• First-time borrowers:
  • Newly formed groups: Up to Kshs. 100,000
  • Groups with existing projects: Up to Kshs. 200,000

• Loan Graduation: Subsequent loans can be up to two times the previous borrowing amount.
• Repayment Periods:
  • Kshs.. 100,000: Maximum 9 months
  • Kshs.. 100,001 – 200,000: Maximum 12 months
  • Kshs.. 200,001 – 500,000: Maximum 18 months
  • Kshs.. 500,001 – 1,000,000: Maximum 36 months

Grace Period

Three months for startups and One month for running projects

Security/Collateral

• Group members shall co-guarantee and sign a guarantee/undertake to repay the loan.
• Loans above Kshs. 500,000 shall be secured using conventional security
• Lien on funds in group account