Family Bank

Biashara Boost Loan

This is Family Bank's Microcredit loan facility and it is targeted toward small to medium entreprises that require loans for Working Capital.
Flexible security requirements; Household items and business equipment can be used as security
Loan amounts of between Kshs 10,000 to Kshs 500,000
Insurance cover against death and disability
Competitive interest rate is charged on the loans
Repayment period of 12 months

Vijanaa Boost Loans

Through the Youth Entreprise Development Fund (YEDF), Family Bank has been allocated Kshs 100 million to finance viable businesses run by the youth aged 18 to 35 years.

Eligibility
Non-account holders need to open a Vijanaa Boost Savings Account (Account holders do not need to open another account)
Must have run the business for at least 3 months
Must demonstrate ability to pay
Individuals must be 18 – 35 years old; for groups, SACCOs & Companies 70% of the group members must fall within the age bracket and 100% of the group leadership must be within the age bracket
Must be willing to attend training

Features

Amount: Kshs10,000/= to Kshs 500,000/=

Security:
Household items and equipments
Joint guarantee
Supported guarantee from parents or guardians
Tripartite agreement between the FBL, borrower & procuring entity

Mode of payment: Monthly

Period of payment:
12 months for Working Capital
24 months for Capital expenditure

Low interest rate on a reducing balance method (8% reducing balance)

Vijanaa Guarantee

Family Bank is setting the pace in the industry for youth development in partnership with the Youth Entreprise Development Fund, encouraging the youth in the age bracket of 18 - 35 years to tender for business from the Government and Corporate entities through Bid and Performance Bonds.

Benefits
No collateral required.
Minimum Fees and Charges.
Quick turnaround time on the requests, within 24 hours.
The guarantees will be approved for issue by the Bank upto a maximum amount of Kshs 3 million.

Maridadi Boost Loans

Family Bank recognises the role and potential of women in shaping and realizing a better future for our country. Through the Women Entreprise Development Fund, the bank partners even further and empower women through enterpreneural skills training for effective business management.

Eligibility
The loan will only be available to women above the age of 18 years.
It is accessible to individuals or women groups.
Must demonstrate ability to pay
Must have started a business for a Smart Boost!

Benefits
Loans available from Kshs 5,000 to Kshs 500,000
Low interest rate of 8%.
Flexible security requirements
Loan insurance against death and permanent disability
Personal Accident Insurance for account holders
Extended banking hours
Availability of cheques and ATM card
Corporate Banking facilities available