This is a list of Maisha Microfinance Bank loan products. Maisha Microfinance is one of Kenya’s 13 licensed microfinance banks and has been in business since May 21, 2016. The bank’s headquarters and sole branch are on the second floor of Chester House on Koinange Street in Nairobi.
Maisha Microfinance Bank Loan Products
1. Maisha Asset Finance Loan
This product offers ready-made solutions to firms in need of money to purchase moveable assets. One can qualify for up to Ksh 3 million, which is payable over 36 months.
2. Maisha Akiba Loan
This product addresses short-term liquidity issues. Your deposit in a Savings Account or a Fixed Deposit Account secures it. You can qualify for up to Ksh 3 million in 12 months.
3. Maisha Check-Off Loan
This product is intended for personal development needs of individual staff members of institutions with which Maisha Microfinance has an MOU, i.e. government employees, TSC, and Civil Servants. Within 36 hours, the loan is processed and disbursed. You can qualify for up to Ksh 1 million in 12 months.
4. Maisha Development Loan
This loan product is intended for anyone with building, housing completion, or renovation needs. One can qualify for up to Ksh 3 million in 12 months.
Read, List of Century Microfinance Bank Loan Products
5. Maisha Plot Purchase Loan
It is intended for those wishing to purchase land or plots with ready title deeds. One can qualify for up to Ksh 3 million in 12 months.
6. Maisha’s Salary Loan
This loan is intended for employed people whose salaries are deposited with Maisha Microfinance Bank. One can qualify for up to Ksh 150,000 in 12 months. Within 12 hours, the loan is processed and disbursed.
7. Maisha Temporary Overdraft
It is intended for employed people whose paycheck is transferred through Maisha Microfinance Bank and who want to access a portion of it before payday. One can qualify for up to Ksh 10,000, which is payable in one month. Within one hour, the loan is processed and disbursed.
8. Maisha Biashara Boost Loan
This loan product provides small and microbusiness entrepreneurs with immediate access to funds for operating capital or enterprise expansion. One can qualify for up to Ksh 350,000, which is disbursed within 12 months. Within 24 hours, the loan is processed and disbursed.
Read also, List of Mwananchi Credit Loan Products In Kenya
9. Maisha Bora Loan
This loan product is intended for small and micro firms that need additional capital but do not have enough assets to utilize as collateral. One can qualify for a maximum of Ksh 2,000. The loan is completed in 36 hours.
10. Maisha Business Overdraft
It is intended to finance enterprises’ fluctuating working assets.
11. Maisha Daima Loan
This loan product targets micro-enterprises that have traditional collateral, such as land and automobiles, and may thus use them to get credit facilities for business expansion.
12. Maisha LPO Financing
This loan product is intended for contractors and vendors who need funds to ensure the continuity of operations by covering immediate working capital demands.
13. Maisha Cheque Discounting
When you need to pay urgent bills or need quick operating capital, it delivers immediate cash against your unpaid cheque. One can qualify for up to 80% of the whole amount of the check.
14. Maisha IPF Loan
This lending product is intended to finance general and life insurance premiums.
List of Maisha Microfinance Bank Branches
Maisha Microfinance Bank Head Office
Location: Chester House, 2nd Floor, Koinange Street
Contact: 020 2220648, 0792002300, 0736028982
