Youth & Women Loans - Nareto Uwezo Farmers Cooperative Society Ltd

Welcome to Nareto Uwezo

(254) 795-866-132

(254) 793-558-180

4th Floor, Room 407, Portal Place

Muindi Mbingu Street, Nairobi, Kenya.

Email:

info@naretouwezo.co.ke

Youth & Women Loans

Jenga Mama

Jenga Mama is a business loan offered to women who have businesses such as; beauty shops/salons, clothing shops(boutiques), Hotels, food industries(mama mboga) and entertainment industries. The loans are offered in a flexible and friendly manner-in order to help customers to take their business to the next level.

Youth Loan

This is designed to help the youth to enhance their businesses.

a)Youth who have been in business for a minimum of period of a year:-
Nareto uwezo Cooperative Society Ltd assists such youth to enhance their business by offering business guidance and necessary funding.

b)Beginners program
This is a credit facility offered to the youth who are beginning and have already set up their businesses.They are offered guidance and necessary credit

Youth Loan Requirements

  • Raise a third of the loan amount.
  • Copy of I/D and spouse.
  • Copy of KRA Pin and spouse
  • Provide two referees and copies of their I/Ds.
  • A detailed business proposal.
  • Copy of business registration certificate.
  • Copy of business license
  • Bank statements for the last 3 months.
  • Copy of utility bills.
  • Duly filled chattel form.
  • Receipts of assets pledged.
  • A map showing business location and place of residence.
  • Legal fees for chattels registration.
  • Signed cheques.
  • Be a Cooperative member.

Features

  • Maximum loan is Kshs 500,000/
  • Interest rate is 10 % per annum.
  • Maximum repayment period is 3 years.
  • Loan processing fee of 1 % of loan amount.
  • Insurance fee of 2.5% of exposure(Loan-savings)
  • Must have saved with the Cooperative for 3 months.
  • Must have a registered business.
  • Age must not be more than 35 years.

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