Our SME loans are specifically designed for Small and Medium Enterprises (SMEs) that require additional capital to support their business operations. Our SME Loans are flexible and affordable, with repayment terms that are tailored to the specific needs and financial situation of the SME.
The primary goal of our SME Loans is to enhance the capacity of SMEs by providing them with the necessary capital to re-stock their businesses, purchase equipment, hire additional staff, or undertake any other initiatives that will help to grow and develop their operations. We understand the critical role that SMEs play in driving economic growth and job creation, and we are committed to supporting their success through our SME Loans.
Our SME Loans are available to a wide range of SMEs, including those in the informal sector, and we offer competitive interest rates to ensure that our clients can access the financial assistance they need at an affordable cost. We also offer a fast and streamlined application process, with loan approvals typically processed within a short period of time.
At Tamika Credit, we believe in the power of SMEs to drive economic development and create employment opportunities, and we are committed to providing them with the financial solutions they need to succeed. Our SME Loans are just one of the many ways we support SMEs and contribute to the growth and development of the communities we serve.
SME Loan Requirements
- Original ID copy
- KRA pin copy
- Business permit / Registration certificate
- 6 months M-PESA statement & Bank statement.
- Passport photo
- Next of kin ID copy and passport
- Affidavit of marriage
- Business transaction receipts (rent payment receipt, purchases receipts)
- Residential customer’s direction to be indicated on the form & pin (Loan Officer to visit)
- Business visit by the supervisor
- Fully filled out Loan application form.
- Photos of the chattels used as the collateral to be attached.
- Chequebook ( not mandatory)
Benefits of our SME Loans
- Affordable Interest Rates
- No hidden charges
SME Loan Processing Period
- Loan period: 1 month – 3months
SME Loan Interest Rate
- Interest rates 7.5 % P.M
- Processing fees of 7.5%
- Ksh 10,000 to 50,000 secured by the business
- Amount saved should be 20% of the loan amount.
- Registration for the individual should be Ksh 1,000
