Rafiki Microfinance Bank

Compare all 2 products from Rafiki Microfinance Bank in Kenya. Rates from 17%. Borrow up to Ksh 10,000,000.

17%

Lowest Rate

Ksh 10,000,000

Max Amount

24-72 hours

Fastest Disbursement

Total Products

Microfinance Loans

Product	Rate	Amount	Turnaround
Rafiki Microfinance Loan	18% - 24%	Ksh 10,000 - Ksh 1,500,000	24-72 hours	Apply

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Asset Finance

Product	Rate	Amount	Turnaround
Rafiki Asset Finance	17% - 22%	Ksh 100,000 - Ksh 10,000,000	3-5 working days	Apply

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Rafiki Microfinance Bank Pros & Cons

+Pros

✓Licensed bank security
✓Low income requirements
✓Asset financing available
✓SME support programs
✓Agricultural focus
✓Financial literacy

-Cons

✗Higher interest rates
✗Limited branch network
✗Processing fees
✗Regional focus
✗Rates still higher than commercial banks (17-22%)
✗Max ticket KES 10M

Eligibility Requirements

Minimum Income (Lowest)

Ksh 10,000

CRB Check Required

Not required

Employment Types Accepted

SME ownerSelf-employedBusiness ownerGroup member

Required Documents (across all products)

●National ID
●Proof of income
●Bank statements (3 months)
●Business permit or registration
●KRA PIN
●Bank or M-Pesa statements (6 months)
●Proforma invoice
●Guarantor or group membership

Frequently Asked Questions

What interest rates does Rafiki Microfinance Bank offer?

Rafiki Microfinance Bank offers interest rates ranging from 17% to 24% across their 2 products. The exact rate depends on the product type, loan amount, and your credit profile.

What loan amounts are available from Rafiki Microfinance Bank?

Rafiki Microfinance Bank offers loan amounts from Ksh 10,000 up to Ksh 10,000,000 depending on the product and your eligibility.

How fast does Rafiki Microfinance Bank disburse loans?

The fastest disbursement time from Rafiki Microfinance Bank is 24-72 hours. Actual processing time varies by product type and application completeness.

Does Rafiki Microfinance Bank require CRB clearance?

Rafiki 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.