High risk - limited loan options - Find lenders that accept your credit profile.
With very poor credit (300-449), getting KES 20,000 will be challenging but not impossible. Traditional banks will likely decline, but mobile money lenders, secured loan options, and credit-building programs remain available. Expect rates of 23-28% p.a.
Your credit needs work, but these options can help you now:
Use land title, vehicle logbook, or asset financing - Credit score matters less
M-Shwari, Fuliza - Borrow small amounts, repay on time to rebuild credit
Join local SACCOs or chamas - Character matters more than credit score
Get your CRB credit report and dispute any errors. Contact lenders to settle old debts through payment plans.
Borrow small amounts (KES 500-5,000) from M-Shwari or Fuliza. Repay immediately to start rebuilding your credit history.
Each loan rejection hurts your score. Wait 3-6 months between applications while you rebuild credit.
Follow our 8-step program to improve your credit score by 100-150 points in 3-6 months.
Start Building Your Credit Score âExplore options for KES 20,000 with very poor credit (300-449).
Compare All LoansImprove Credit ScoreWith very poor credit (300-449) (300-449), getting KES 20,000 unsecured will be difficult. Focus on secured loans or credit-building first.
Yes! Offer collateral, show proof of stable income, apply with a co-signer, or start with a smaller loan amount.
With consistent on-time payments and debt reduction, you can improve your score by 50-100 points in 3-6 months, and reach good credit in 12-18 months.