đ Loans for Business Startup in Kenya
Turn your business idea into reality. Compare startup financing options including SME loans, Hustler Fund, asset financing, and unsecured business loans for new entrepreneurs.
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Best Loans for Business Startup
4G Capital SME Working Capital Loan
4G Capital
0.75% - 0.9% p.a.
KES 5,000 - 3,000,000
KWFT Biashara Business Loan
Kenya Women Microfinance Bank
1.5% - 2% p.a.
KES 5,000 - 2,000,000
Mogo Car Logbook Loan
Mogo Kenya
2.5% - 4% p.a.
KES 50,000 - 5,000,000
Watu Motorbike Financing
Watu Credit
2.99% - 4.5% p.a.
KES 40,000 - 350,000
Lipa Later Merchant Advance
Lipa Later
3% - 5% p.a.
KES 10,000 - 1,000,000
Marble Capital Biashara Loan
Marble Capital Solutions
3% - 5% p.a.
KES 50,000 - 2,000,000
Letshego Personal Loan
Letshego Kenya
5.25% - 24% p.a.
KES 250 - 500,000
Tips for Getting Business Startup Loans
- đĄStart with Hustler Fund for amounts up to KES 50,000 - very low rates
- đĄRegister your business first - LLC or sole proprietorship
- đĄPrepare a simple business plan - banks will ask for it
- đĄBuild credit history with small loans before seeking large amounts
- đĄConsider equipment financing instead of cash loans for machinery
Frequently Asked Questions
How can I get a startup loan in Kenya?
Options for startup loans: 1) Hustler Fund - up to KES 50,000 at 8% p.a., 2) Youth Enterprise Fund - KES 100,000-500,000, 3) Bank SME loans - KES 500,000-10M with collateral, 4) Personal loans - unsecured up to KES 3M based on salary. First-time businesses often start with personal loans or government programs.
Can I get a business loan without collateral?
Yes, several options exist: Hustler Fund (government), unsecured SME loans from Equity and KCB (up to KES 1M based on mobile money transactions), and personal loans used for business. Group lending through chamas also provides collateral-free options.
What is the Hustler Fund and how do I apply?
Hustler Fund is a government initiative offering affordable loans to small businesses. Apply via *254# or the Hustler Fund app. First-time limit is KES 500, increasing to KES 50,000 with good repayment. Interest rate is 8% p.a. (lowest in market).
How much can I borrow to start a business?
Startup loan amounts depend on your profile: New entrepreneurs with employment can get KES 100,000-3M personal loans. Registered businesses can access KES 500,000-10M SME loans. Government programs offer KES 50,000-500,000 for youth and women.
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