SMEP Asset Finance
SMEP Microfinance Bank
Last updated: April 16, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
18% - 22% p.a.
Loan Amount
Ksh 50,000 - Ksh 5,000,000
Approval Time
2-3 working days
Processing Fee
3% of loan amount%
Rating Breakdown
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Total: 0 Reviews
Pros & Cons
Pros
- Lowest minimum (KES 50K)
- Fast processing (2-3 days)
- Accepts M-Pesa as income
- Group lending reduces collateral need
- Designed for micro-businesses
Cons
- Highest rates in this set (18-22%)
- Small maximum ticket (KES 5M)
- Daily late penalties
- 75% max financing is restrictive
- Limited to small-ticket assets
Customer Reviews
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Product Details
Features
- Targets small and micro businesses specifically
- Lowest minimum on this list (KES 50K)
- Accepts M-Pesa statements as income proof
- Group lending methodology reduces collateral need
- Christian-principled microfinance bank
- Small-ticket asset coverage (salon, tailoring, retail)
- Fast processing under 3 days
Eligibility Requirements
Age: 18 - 65 years
Min Income: Ksh 20,000/month
Employment: Micro-entrepreneur, Small business owner, Group member, Self-employed
Required Documents
- National ID
- Single business permit or registration
- M-Pesa statements (3 months)
- Proforma invoice
- Proof of residence
- Group membership (preferred)
- 2 guarantors
Repayment Options
M-Pesa PaybillBank transferGroup collection
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