Muungano Microfinance Bank

Compare all 1 products from Muungano Microfinance Bank in Kenya. Rates from 16%. Borrow up to Ksh 200,000.

16%

Lowest Rate

Ksh 200,000

Max Amount

24-48 hours

Fastest Disbursement

Total Products

Microfinance Loans

Product	Rate	Amount	Turnaround
Muungano Group Loan	16% - 22%	Ksh 2,000 - Ksh 200,000	24-48 hours	Apply

View all Microfinance Loans→

Muungano Microfinance Bank Pros & Cons

+Pros

✓Very low entry point (KES 2,000)
✓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

Minimum Income (Lowest)

Ksh 5,000

CRB Check Required

Not required

Required Documents (across all products)

●National ID
●Group registration certificate
●Member savings record
●M-Pesa statement

Frequently Asked Questions

What interest rates does Muungano Microfinance Bank offer?

Muungano Microfinance Bank offers interest rates ranging from 16% to 22% across their 1 products. The exact rate depends on the product type, loan amount, and your credit profile.

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.