Rafiki Asset Finance
Rafiki Microfinance Bank
Last updated: April 16, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
17% - 22% p.a.
Loan Amount
Ksh 100,000 - Ksh 10,000,000
Approval Time
3-5 working days
Processing Fee
2.5% of loan amount%
Rating Breakdown
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Pros & Cons
Pros
- Longer tenure (48 months) than most MFBs
- Post office agency network for repayments
- Accepts M-Pesa as income proof
- Group lending option
- Wide asset coverage for SMEs
Cons
- Rates still higher than commercial banks (17-22%)
- Max ticket KES 10M
- Mandatory insurance adds cost
- 80% max financing
Customer Reviews
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Product Details
Features
- Kenya Post Office Savings Bank-linked microfinance
- Covers commercial transport and SME equipment
- Up to 80% asset financing
- Tenure up to 48 months
- Accepts M-Pesa statements
- Group lending option for chamas
- Postal agency network extends reach
Eligibility Requirements
Age: 21 - 65 years
Min Income: Ksh 30,000/month
Employment: SME owner, Self-employed, Business owner, Group member
Required Documents
- National ID
- Business permit or registration
- KRA PIN
- Bank or M-Pesa statements (6 months)
- Proforma invoice
- Guarantor or group membership
Repayment Options
M-Pesa PaybillRafiki mobile appPost office agentsBranch payment
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