Muungano Microfinance Bank
Compare all 1 products from Muungano Microfinance Bank in Kenya. Borrow up to Ksh 200,000.
Muungano Microfinance Bank Pros & Cons
+Pros
- ✓No individual credit history needed
- ✓Community support structure
- ✓Financial literacy training
- ✓Low processing fees
- ✓CBK-licensed
-Cons
- ✗Requires group membership
- ✗Lower individual loan limits
- ✗Weekly repayment can be demanding
- ✗Limited to group lending model
Eligibility Requirements
- ●National ID
- ●Group registration certificate
- ●Member savings record
- ●M-Pesa statement
Frequently Asked Questions
What loan amounts are available from Muungano Microfinance Bank?
Muungano Microfinance Bank offers loan amounts from Ksh 2,000 up to Ksh 200,000 depending on the product and your eligibility.
How fast does Muungano Microfinance Bank disburse loans?
The fastest disbursement time from Muungano Microfinance Bank is 24-48 hours. Actual processing time varies by product type and application completeness.
Does Muungano Microfinance Bank require CRB clearance?
Muungano 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.
How many products does Muungano Microfinance Bank offer on PesaMarket?
Muungano Microfinance Bank currently has 1 products listed on PesaMarket across 1 category: Microfinance Loans.
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Visit Muungano Microfinance Bank to explore their products and apply online.
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Best For
- ✓Chama and savings group members
- ✓Women's groups
- ✓First-time borrowers
- ✓Informal sector workers
- ✓Those needing small amounts
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