What is Vuka loan? and how to apply for it.

vuka loan

LOAN NAME: Vuka

PARENT FUND: Youth Enterprise Development Fund

FOUNDED: 2006

PURPOSE: Strictly for financing business expansion.

ELIGIBILITY:

– Must be registered with the relevant government bodies.

– Membership composition must be at least 70% youth.

– Must possess business project proposal.

– All borrowers must be insured against death and permanent disabilities.

– All collateral will be insured against fire, death and theft.

MINIMUM LOAN AMOUNT: shs 100,000

MAXIMUM LOAN AMOUNT: shs. 25,000,000

INTEREST RATE: 8%

PROCESSING FEE: 1%

GRACE PERIOD:

(shs 500,000 – shs 10,000,000) – 2 months

(shs 10,000,000 – shs 25,000,000) – 3 months

PAYMENT DURATION

(shs 300,000) – 3 years

(shs 1,000,000) – 5 years

(Above shs 1,000,000) – 6 years

To apply for Vuka loan, download and fill the below form:

Application-form-Vuka-Form-1-A1

See also  How To Register For The Individual Boma Yangu Affordable Housing Program Via Mobile

konvigilante

https://www.facebook.com/TheKonvigilante https://www.twitter.com/Konvigilante

3 Responses

  1. Latifa amin says:

    Want to open m pesa but Idont have money

  2. Elvis Echoto says:

    I want to start a business of an electronic shop but I don’t have enough capital,how much can you lend me?

  3. amina boya godana says:

    to grow my bussines

Leave a Reply to Elvis EchotoCancel reply

Discover more from Mobifinancehub

Subscribe now to keep reading and get access to the full archive.

Continue reading