Launch your business with startup capital
Looking for KES 20,000 to fund your business startup? You have several options in Kenya. The typical amount people borrow for business startupranges from KES 100,000 - 5,000,000, making KES 20,000 a conservative choice.
With planned need like business startup, take time to compare rates and negotiate better terms with multiple lenders.
M-Shwari, Fuliza, KCB M-Pesa - Up to KES 50,000
Branch, Tala, OKash - Up to KES 50,000
Ensure you meet the minimum income requirement of KES 25,000and have a clean CRB credit report.
Use PesaMarket to compare interest rates, fees, and terms from multiple lenders. Apply to 2-3 lenders simultaneously for the best deal.
Prepare your National ID, payslips (last 3 months), bank statements (6 months), and any purpose-specific documents.
Fill out online applications or visit branches. For KES 20,000, expect approval within 1-24 hours.
Once approved, funds are disbursed directly to your M-Pesa or bank account. Start making monthly repayments as per your agreement.
Compare KES 20,000 loan offers from multiple lenders and choose the best rate.
Compare All LoansCalculate Monthly PaymentYes, but your options will be limited. Consider mobile money loans, microfinance banks, or secured loans with collateral. Interest rates will be higher (18-25% p.a.).
For amounts up to KES 50,000, approval can be instant (mobile money loans) or within 24 hours (digital lenders).
Interest rates vary by lender and your credit profile. Expect 13-16% p.a. from commercial banks, 15-18% from microfinance, and up to 25% from digital lenders. Always compare multiple offers.
No, most personal loans up to KES 500,000 are unsecured (no collateral required). Your income and credit history serve as the basis for approval.