Individual Micro Enterprise Loan (IMELP)

This loan product is suitable for Kenyans seeking to upscale their businesses that are solely owned and registered with BRS


  • Amount :  Range from Kes 10,000 to Kes 200,000
  • Interest rate:   7% per annum on reducing balance and 1.5% default rate 
  • Tenor: Repayment in six (6) months from disbursement date. Borrowers can opt to repay in installments or lump sum.
  •  5% of the approved amount respectively, channeled towards borrower’s savings scheme

To qualify for this product, an individual must meet the following criteria;

  • Be a Kenyan citizen of 18 years of age and above with a     H valid Kenyan National Identification Card (ID
  •  Have an active sim card for at least 90 days with any MN
  •  Operate a formally registered business under Business Registration Service
  • Possess a KRA Pin for the business.
  • Must not have defaulted on Personal Loan Product & Group/Chama Product.

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