Choice MFB Personal Loan
Choice Microfinance Bank
Last updated: April 16, 2026
Lender site unavailable
★★★★★
0/5Based on 0 Reviews
Interest Rate
18% - 24% p.a.
Loan Amount
Ksh 5,000 - Ksh 500,000
Approval Time
24-48 hours
Processing Fee
KshNaN
Rating Breakdown
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Total: 0 Reviews
Pros & Cons
Pros
- No group membership needed
- Quick processing time
- Flexible repayment options
- CBK-licensed security
- Low minimum loan amount
- M-Pesa repayment
Cons
- Limited branch coverage
- Lower maximum loan than larger MFBs
- Standard processing fees
- Shorter maximum tenure
Customer Reviews
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Product Details
Features
- Personal and business loan products
- Loans from KES 5,000 to KES 500,000
- CBK-licensed microfinance bank
- Flexible repayment schedules
- M-Pesa integration for repayments
- No group membership required
- Quick loan processing
- Savings account linkage
Eligibility Requirements
Age: 18 years
Min Income: Ksh 12,000/month
Required Documents
- National ID
- Proof of income
- Utility bill
- Bank or M-Pesa statements
Repayment Options
M-PesaBankBranch
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