Loan Requirements For a Church

  • Letter from pastor/Priest/Reverend/Church minister/Bishop requesting borrowing.
  • Minutes of church council authorizing borrowing signed by Church elders /officials.
  • National identity card copies or passport copies of authorized signatories.
  • Bank statement for last 6 months.
  • Surplus and loss account for the church.
  • List of assets and liabilities of the church with the estimated cost.
  • Security for loan can either be one of the following or a combination of the following: Sacco shares, guarantors, collaterals e.g. land title deed, motor vehicle logbook, plant or machinery.

Other Terms and conditions:

  1. Form fee kshs 100.00
  2. Appraisal fee 2.5% of disbursed amount
  3. Insurance fee of 2% of approved amount.