This is a list of SMEP Microfinance loan products and Kenyan branch locations. In 1975, the National Council of Churches of Kenya (NCCK) established the bank as a relief arm to feed poor children in Nairobi’s Mathare Valley.
On December 14, 2010, it was licensed as a public deposit-taking microfinance organization. In 2012, SMEP became the first microfinance institution in Africa and the second in the world to provide its customers with a Visa debit card.
Its headquarters are on Ngong Road, off Argwings Kodhek Road in Nairobi. They have about 18 branches spread across Kenya.
This article provides you with information about SMEP Microfinance loan products as well as the company’s contacts.
SMEP Microfinance Bank Loan Products
1. Individual Loans
They are intended to assist you in meeting unforeseen medical expenditures, performing home repairs or enhancements, paying university fees, acquiring a car, repairing appliances, or even consolidating several debts.
2. Consumer Loans
Rembesha Nyumba (Household Loans), which include refrigerators, microwaves, cookers, TV sets, power installation, and furniture, Maji Ni Uhai (Water Tanks), Angaza Nyumba (Solar Power), Elimu (School Fees), and Sherehekea loans (only during festival season).
Features
- The check is made payable to the seller of the product or service (for example, a manufacturer, a school, a store, and so on).
- There are no additional banker’s cheque fees.
- The client must have paid off at least half of his or her present business debt.
- The group must not be behind on its payments.
3. Asset Finance
They provide reasonable financing options for all of your motor vehicle, fleet, and capital equipment needs.
4. Loans for Agribusiness
Features