Description
Loan Information:
1. Minimum and Maximum Repayment Period:
- Minimum Repayment Period: 60 Days
- Maximum Repayment Period: 12 Months
2. Maximum Annual Percentage Rate (APR):
- The APR ranges from 12% to 36%, depending on the loan amount or as set by the provider.
3. Representative Example of Total Loan Cost:
- For a loan amount of KES 10,000 with a repayment period of 3 months at an APR of 24%, the total cost of the loan will include:
- Principal Amount: KES 10,000
- Total Interest: KES 600 (KES 200 per month)
- Total Repayment Amount: KES 10,600
- Monthly Installment: KES 3,533.33
Important Notes:
- A convenience fee of KES 50 will be charged for every successful loan transaction.
- No hidden fees or additional charges apply.
- Early repayments are allowed with no penalties.
- Loan eligibility and terms are subject to approval based on your profile and creditworthiness.
- Loans are only available to farmers with active digital receipts.
* Terms and conditions apply
For inquiries, please get in touch with Mali-Yetu via:
[email protected]
[email protected]
+254 739440355
+254 117014437
Visit our offices at Taj Towers, 9th floor Upperhill Nairobi Kenya.
User Reviews for Mali-Yetu 1
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for Mali-Yetu
Mali-Yetu provides farmers a user-friendly wallet solution, streamlining financial tasks. Its secure operations and transparency enhance agricultural financial management effectively.