Caritas Microfinance Bank Loan Products – 11 benefits
This article is about Caritas Microfinance Bank Loan Products – 11 benefits of joining Caritas microfinance bank. The bank was licensed by the Central Bank of Kenya to operate as a deposit-taking microfinance institution on 2 June 2015. Caritas, founded by the Catholic Archdiocese of Nairobi, has its headquarters in Cardinal Otunga Square along Kaunda Street in Nairobi. The bank operates 6 branches as listed above on this site.
Caritas microfinance bank loan products
Caricash mobile loan
This is an instant mobile loan reserved exclusively for bank customers. The loan is intended to deal with emergencies and working microcapital needs. The loan limit ranges from 100 to 70,000 Kenyan shillings. He has a repayment period of 1 month. The loan can be accessed by dialing *811#.
This is a short-term advance to help dependent customers meet the urgent needs of small families, e.g. rent, bills.
Loan for the development of mustard seeds
This product is designed for the growth needs of micro, small and medium-sized businesses. The funds can be used for working capital, asset acquisition and business expansion. The loan term is up to 4 years.
Asset finance loan
This product is designed to help customers acquire tangible assets such as vehicles, machinery and other assets for business or personal use.
discount on invoice
The invoice discount allows the customer to obtain immediate value for their invoices. Caritas advances funds to suppliers who already have invoices issued to buyers for completed work.
Salary Compensation Loan
This loan product is available for salaried employees.
Hekima Education Loan
This loan provides access to quality education at all learning levels. The funds are paid directly to the school.
Solidarity group loan
This product is aimed at registered groups. It allows groups to finance development projects. 11. Institutional loan (schools, churches, hospitals)
A loan product aimed at registered institutions to finance projects, asset acquisition, etc.
Local Purchase Order (LPO) Financing.
LPO financing allows customers who have obtained purchase orders or letters of award to deliver goods and services or perform contract work. Caritas provides funding from a minimum of Ksh 50,000 to Ksh 10 million for LPO funding. They have a processing fee of 3% and an interest rate of 2% per month reducing balance.
Financing of insurance premiums
This loan product is designed to meet your insurance needs. The customer can benefit from the insurance coverage immediately by paying the premiums over the long term.
For more information, contact Caritas
Caritas microfinance bank Contacts
Position: Cardinal Ortunga Anex Plaza, ground floor
Telephone: 020 5151 500, 0729 986 331