This loan is designed to extend credit facility to employed customers against their salaries. This salary loan is either through:
- Check off – Has employer & bank MOU to remit loan payment
- Personal Salary Loan – Proof of employment with no Employer & Bank MOU.
Features and Benefits
- No security required
- Check off or direct debit of the account
- Approval within 48 hours
- Top-ups and buy-offs available
- Easy access on mobile banking, KWFT Agents and over 2000 ATMs
Target
- Teachers
- Civil servants
- Disciplined Forces
- Others
Requirements
- 3 Months Certified payslips
- Original and copy of ID/Passport
- Passport photo
4. Clean and renewable energy loans
a) Solar Lighting Solutions
This loan provides access for the acquisition of environmentally safe solar energy products for lighting solutions and charging simple domestic.
Features
– Finances quality solar products with a warranty.
– Products delivered to nearest KWFT office.
– Easy Plug & play installation
– Easy and flexible loan instalments.
Benefits
– Reduced lighting fuel cost
– Reduced internal air pollution improves health.
– Enables school children to study better& for long hours.
– Provided high-quality lighting for households & businesses.
– Social status improves.
– Can charge simple domestic electronic gadgets
– Products are environmentally friendly
b) Cooking Solutions (Clean Energy cooking stoves)
The loan facility enables the acquisition of clean energy-saving cooking stoves (jikos) that are modern and environmentally friendly.
Features
– Finances free jikos and construction of fixed jikos.
– High quality and efficient jikos.
– Flexible loan amounts.
– Flexible repayment period.
Benefits
– Saves on firewood.
– Very efficient while cooking
– Saving on time and cost.
– Reduced internal air pollution.
– Technical support provided.
– The products are environmentally friendly.
C) Biogas Loan
KWFT Biogas loan enables farmers, especially Dairy Farmers, to acquire quality biogas digesters for the provision of clean cooking and lighting fuel …
Features
– Finances significant of biogas plant sizes.
– Two months of Grace period available.
– Experts are available for construction of the Biogas Plant.
Benefits
– Clean energy for cooking, heating and lighting
– Cost and time savings from reliance on other forms of energy
– Reduced indoor & environmental pollution
– Production of the slurry as a bio-fertiliser
– Improved food security from the manure
– Reduction in deforestation
– Improved lifestyle-Less time taken to impact on business.
Requirements
– The client has a source of bio-waste (e.g. engaged in dairy farming with at least two cows).
– Client willing to stockpile waste (Cow dung) during the construction phase
– Enough space for construction
– Water availability
d) Stima loans
This loan facilitates electricity connections for the client’s home to the primary electricity grid.
Features
– Flexible loan amounts.
– Flexible repayment period.
Benefits
– Longer business operating hours.
– Social status improvement.
– Longer study time for children
– New business opportunities.
Requirements
– Kenya power connection quotation
– Have access to a transformer
5. Kilimo Bora Loans
a) Input financing
Kilimo Bora loans is a product targeting farmers to help them acquire quality farm inputs such as seeds, fertilisers and agrochemicals.
Features
– Easy access to credit.
– Easy access to quality inputs.
– Flexible loan amounts.
– Fast loan processing.
Benefits
– Ability to acquire high-quality inputs.
– Improved food security.
– High farm income.
Requirements
– Be a practising agribusiness farmer with other sources of income.
– Available to both group and individual clients.
Must Read: List of online unsecured loans In Kenya
b) Agro-dealer financing
This loan targets financing of agro-dealers involved in agricultural value chains, such as agro-vets, farm produce marketers, traders and processors.
Features
– Easy access to credit.
– Easy access to quality inputs.
– Flexible loan amounts.
– Fast loan processing.
Features
– Increases dealers’ capacity to maximise farming seasons’ opportunities.
– Strengthens the farmers’ input supply market.
– Enhances the demand for farmers output.
Features
– Have an existing agriculture input or output trade or service business.
c) Mzinga loan (Sweet honey, sweet money)
KWFT finances farmers to adopt modern beekeeping methods through purchasing of modern beehives, harvesting and processing equipment.
Features
– Easy access to credit to acquire modern beekeeping equipment.
– Flexible loan amounts.
– Delivery services are available.
– Stylish Bee – Keeping practice training available.
Benefits
– High yields thus improved income streams.
– Friendly beekeeping practices, especially for women.
– Beekeeping increases in food production through crop pollination.
– Access to best practice training.
– Better health and nutrition.
Requirements
– The product is available for both individual and group clients.
– Have a helpful and safe apiary site.
– Prospective borrowers have other income-generating activities such as livestock farming or a business that is already established.
– Types of equipment to be purchased are modern bee farming equipment.
d) Aquaculture (fish farming)
KWFT Fish farming finances farmers to construct fish ponds, buy fingerlings and purchased feeds.
The loan is geared towards enhancing the uptake of fish farming as an income.
Features
– Financed for initial capital to construct fish ponds and buy fingerlings.
Benefits
– Improved food security.
– Improved living standards.
– Expansive Aquaculture venture beyond the natural water bodies.
– New fish farming practices.
– An alternative and steady source of fish supply /income.
– Better health and nutrition.
Requirements
– Have a reliable source of clean water.
– Have land to construct the ponds.
e) Greenhouse farmers kit
This is a loan facility that enables farmers to acquire complete farmer’s equipment that provides a modern farming solution.
Features
– A wide range of types and sizes greenhouses and irrigation kit.
– Provision of quality crop inputs.
– Delivery service is available.
– Grace period available.
– Agronomist support available.
Benefits
– Access to modern agricultural methods and technologies.
– High crop yield.
– Independence from relying on rain-fed.
– High and consistent income.
Requirements
– Experience in crop farming
– Have sufficient supply and storage of water.
– Willing to perform soil testing before loan approval.
f) Dairy Farming Loan
Dairy Farming Loan enables dairy farmers to invest in high breed dairy cows/goats for better productivity and mitigate risk through insurance cover for the cow/goat.
Features
– Finances clients’ choice of animal.
– Fast loan processing.
– Insurance cover available.
– Payment to the supplier.
Benefits
– Improved livestock breeds.
– A sense of pride from improved production and income.
– Access to credit to purchase high-quality dairy cows/goats.
– Insurance compensates 100% of the insured amount.
Requirements
– Practising dairy farmer.
– Flexible collateral.
6. Water, Sanitation and hygiene Loans
a) Water tank loans
This loan enables clients to acquire water tanks affordable to allow them to harvest and store clean water for domestic use, animal farming and irrigation purposes. It also allows them to learn hygiene and sanitation facilities that improve the health of the family.
Features
– Finances a wide range of tank sizes and loan amounts.
– Tank delivered to clients homes.
Benefits
– Improved family health and livelihoods
– Long-lasting quality products.
– Free home delivery
– Easy installation.
– Easy &flexible repayment terms
– New business opportunities.
Requirements
– Available to both group and individual clients
– Copy of National ID Card
– Passport photo
7. Nyumba Smart Loan
This is a financial product that will enable a client to acquire quality building materials for the home construction or improvements with affordable housing support services. KWFT Provides clients with finances to:
- Construct a house
- Renovate a house
- Expand a house
- Finish a house
Features:
- Available to existing and new clients
- Both group and individual clients qualify
- Available for customers living in both commercial and agricultural land
- Available to salaried employees
Benefits:
- Enable customers to improve their houses
- Housing support services provided
- Supports incremental building concept making it easy to attain your housing goal
- Easy &flexible repayment terms
- Easy and flexible collaterals
- Improved family health and livelihood
- Land title deeds not mandatory
- 100% financing of the cost estimates
Requirements:
- Copy of National ID Card
- Passport photo
- Construction cost estimates
8. KWFT Business Loans
a) Biashara Loans
1. Biashara Loans- This is a loan to women with medium and large-sized businesses to access affordable financing.
2. Mwangaza Loans- This is a loan to individual women entrepreneurs with medium and large-sized businesses to obtain affordable funding individually without group co- guarantee.
3. Mwamba Loans- This is a loan to women with medium and large-sized businesses to obtain affordable financing.
b) SME Loans
This is a loan product designed for established large scale entrepreneurs or entities that are already in business and need access to working capital to expand their businesses.
Features
– Financing is from Ksh 3 million and above.
– Flexible monthly loan repayments
– Flexible security requirements
Benefits
– Competitive interest rates
– Flexible security requirement
– Flexible loan amounts
– More extended repayment period of up to 10years
Requirements
– Own a stable large business/ an income-generating venture
– Bank statement for the last six months
– Two guarantors
– Flexible collaterals
c) Asset Financing Loan
This loan is mainly used for office equipment, contractor equipment, water pipes etc.
Features
– Up to 90% financing of the asset cost
– A wide range of assets.
– A wide variety of loan amounts
Benefits
– Flexible collateral requirement
– Quick loan processing
– Flexible repayment period.
– Competitive interest rates
Requirements
– Two guarantors
– Flexible collaterals
d) Tujiunge Chama Account
This is an account that is designed for formal and informal women groups of at least three members who would want their savings to be safe and at the same time grow.
Features
– Minimum opening and operating balance of Kshs 2000
– Minimum running balance Kshs 2000
– Interest paid every six months
– Savers can choose to receive a 6, 12, 18 or 24 months investment scheme.
Benefits
– Zero opening balance
– Attractive interest rates
– Flexible savings period
– Access to loan facilities
Requirements
– Copy of National ID
– Passport photo
– A group of at least three members.
