Services
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Consumer Loans / Checkoff Loans
We offer unsecured loans to employees where the employer has signed a Memorandum of Understanding (MOU) and agreed to make loan repayment deductions directly from the employee salary (Check-Off). All loans are processed and disbursed in 24 hours. We offer a range of products to government payroll clients e.g. Teachers Service Commission, County government and civil servants, as categorized below. Our loan tenure ranges from 3 Months to 84 Months. Requirements • 3 current pay slips. • Copy of National ID. • Passport photo. • Copy of appointment letter.
Business Loans
Micromart credit offers revolving loans to individual small and medium businesses operating in formal fixed and semi-permanent premises.
This product seeks to cater to unforeseen immediate working capital needs.ie buying inventory and manage bills. The product is designed for clients whose businesses have verifiable daily cash flows. It targets existing clients with established enterprises and have a good credit history with us or clients referred by existing customers.
Micromart gives customers advanced approval to borrow money as their need arises (within the line of credit agreement) without having to re-apply again. It is faster and more flexible and convenient using our USSD platform (*483*490#) and you receive the cash on your mobile phone
Asset Financing
Micromart in collaboration with strategic partners is working to ensure its customer can enjoy tailor made asset finance products that can fit the customer needs and improve life’s We provide 90% Asset financing for enterprise growth. Loans are right-sized, risk-based, rate capped and designed to ensure each client increases take-home earnings to grow their b usiness and improve access to vital service Our current Asset financing include Assets from the range of 3,000 to 80,000. Current Asset our customers enjoy include, Mobile phones, IT products Solar products, Water Tanks. and other home appliances
Salary Advance
A Salary Advance is a short-term loan advanced to a salaried customer depending on the company profile and the MOU agreement, to help them meet their emergency need. • With a seamless IT Integration, the employees can receive the funds instantly through our Mpesa payment channel to their mobile phones • No Security needed • Instant processing • No facilitation or processing fee • Dial *483*490#