Choice Microfinance Bank

Compare all 1 products from Choice Microfinance Bank in Kenya. Rates from 18%. Borrow up to Ksh 500,000.

18%

Lowest Rate

Ksh 500,000

Max Amount

24-48 hours

Fastest Disbursement

Total Products

Microfinance Loans

Product	Rate	Amount	Turnaround
Choice MFB Personal Loan	18% - 24%	Ksh 5,000 - Ksh 500,000	24-48 hours	Apply

View all Microfinance Loans→

Choice Microfinance Bank Pros & Cons

+Pros

✓No group membership needed
✓Quick processing time
✓Flexible repayment options
✓CBK-licensed security
✓Low minimum loan amount
✓M-Pesa repayment

-Cons

✗Limited branch coverage
✗Lower maximum loan than larger MFBs
✗Standard processing fees
✗Shorter maximum tenure

Eligibility Requirements

Minimum Income (Lowest)

Ksh 12,000

CRB Check Required

Not required

Required Documents (across all products)

●National ID
●Proof of income
●Utility bill
●Bank or M-Pesa statements

Frequently Asked Questions

What interest rates does Choice Microfinance Bank offer?

Choice Microfinance Bank offers interest rates ranging from 18% to 24% across their 1 products. The exact rate depends on the product type, loan amount, and your credit profile.

What loan amounts are available from Choice Microfinance Bank?

Choice Microfinance Bank offers loan amounts from Ksh 5,000 up to Ksh 500,000 depending on the product and your eligibility.

How fast does Choice Microfinance Bank disburse loans?

The fastest disbursement time from Choice Microfinance Bank is 24-48 hours. Actual processing time varies by product type and application completeness.

Does Choice Microfinance Bank require CRB clearance?

Choice Microfinance Bank does not strictly require CRB clearance for all products. Some products may be available without a CRB check, though having a clean credit record is always beneficial.