Okoa Biashara Loan

Entrepreneurs face different opportunities as well as emergencies. This requires a financial partner in sync with day-to-day realities, thus eliminating bureaucracies or rigorous procedures when offering such unique business solutions. Whether you’re a budding startup or a seasoned entrepreneur, Fincorp is here to provide the financial support and expertise you need to turn your vision into reality. This product is available to both individuals and business clients

Features

  • Tenure – 24 months
  • Minimum Amount – Kes 100,000
  • Maximum amount – 25,000,000

Benefits

  • Competitive interest rates
  • Prompt response to applications
  • Fast and simple process

Sole proprietor/individuals Required Documents

  • Original Vehicle logbook, Original PIN and ID
  • A passport-size photo 
  • Latest 6 months’ certified bank and Mpesa statements 
  • Post-dated cheques for the duration of the loan
  • Business Licence 
  • Business Records
  • Valid Comprehensive Insurance(can be financed)

Limited Company Required Documents

  • Copy of ID and PIN of directors
  • Directors coloured passport photos
  • Certificate of Registration
  • Articles and memorandum of association and CR 12
  • Company profile
  • Company PIN
  • Business License
  • Latest 6 months’ certified bank and Mpesa statements
  • Board Resolution 
  • Copies of contracts/invoices
  • Postdated cheques
  • Motor vehicle logbook

Key Product risk: All products are susceptible to price fluctuations in line with market forces.