Sumac Microfinance Bank

Compare all 2 products from Sumac Microfinance Bank in Kenya. Rates from 16%. Borrow up to Ksh 2,000,000.

16%

Lowest Rate

Ksh 2,000,000

Max Amount

24-48 hours

Fastest Disbursement

Total Products

Microfinance Loans

Product	Rate	Amount	Turnaround
Sumac Microfinance Loan	16% - 22%	Ksh 10,000 - Ksh 2,000,000	24-48 hours	Apply
Sumac Microfinance Loan	16% - 22%	Ksh 10,000 - Ksh 2,000,000	24-48 hours	Apply

View all Microfinance Loans →

Sumac Microfinance Bank Pros & Cons

+Pros

✓Licensed bank security
✓Quick processing
✓Lower income requirements
✓Savings integration
✓Financial education
✓Community focus

-Cons

✗Limited geographic coverage
✗Higher interest than banks
✗Lower maximum loans
✗Fewer branches

Eligibility Requirements

Minimum Income (Lowest)

Ksh 12,000

CRB Check Required

Not required

Required Documents (across all products)

●National ID
●Proof of income
●Bank statements

Frequently Asked Questions

What interest rates does Sumac Microfinance Bank offer?

Sumac Microfinance Bank offers interest rates ranging from 16% to 22% across their 2 products. The exact rate depends on the product type, loan amount, and your credit profile.

What loan amounts are available from Sumac Microfinance Bank?

Sumac Microfinance Bank offers loan amounts from Ksh 10,000 up to Ksh 2,000,000 depending on the product and your eligibility.

How fast does Sumac Microfinance Bank disburse loans?

The fastest disbursement time from Sumac Microfinance Bank is 24-48 hours. Actual processing time varies by product type and application completeness.

Does Sumac Microfinance Bank require CRB clearance?

Sumac Microfinance Bank does not strictly require CRB clearance for all products. Some products may be available without a CRB check, though having a clean credit record is always beneficial.