This is a list of LOLC Kenya Microfinance Bank branches and their products. LOLC, formerly Key Microfinance Bank, is one of the 14 licensed microfinance banks in Kenya by CBK. The microfinance institution has operated a deposit-taking business in Kenya since 2010.
LOLC Microfinance Bank has a branch network of 5 branches and two marketing units. It is headquartered at Westpark Towers, Mpesi Lane, off Muthithi Road in Nairobi.
LOLC Microfinance Bank Products
a) Loan Products
1. Asset Finance Loan
This product targets growing medium-scale businesses. They offer asset financing for motor vehicles, land and other assets.
The Borrower will be charged a loan processing fee of 3% of the loan amount.
Amount: Ksh 50,000- 5,000,000
Eligibility
- Must have operated an active bank account for a minimum period of six months.
- Business clients must have experience of not less than one year.
Repayment: Monthly: Payment of both Principal and Interest. 24% p.a. on Flat Rate
2. Personal Loan
The product is designed for regular income earners, including salaries and rental income.
Amount: Ksh 50,000- 1,000,000
Eligibility
- Must have operated an active bank account for a minimum period of six months.
- Business clients must have experience of not less than one year.
- Salaried clients must have completed the probation period.
Repayment: Maximum period of 24 months. 24% p.a. on Flat Rate Processing fee – 3%
3. Working Capital Loan
This product comes in three categories; short-term working capital loan, medium working capital loan and overdraft facility.
- Short-Term Working Capital Loan
- Kenyan Citizens aged 18 years and above.
- Partnerships.
- Limited Companies.
- Must have operated an active bank account for a minimum period of six months or proof of income.
- Business clients must have experience of not less than one year
- Must open a current account with LOLC Kenya Microfinance
Bank PLC
- Kenyan Citizens aged 18 years and above.
- Partnerships.
- Limited Companies.
- Must have operated an active bank account for a minimum period of six months or proof of income.
- Business clients must have experience of not less than one year
- Must open a current account with LOLC Kenya Microfinance
Bank PLC
Features
3. Jipange – Budget Savings Account
A budget planning facilitation account for those with specific upcoming events with specific budgets and timing e.g., weddings, holidays, school fees, maternity expenses etc
Features
C) Fixed Deposit
Aimed at those who intend to save for future investment and opt to fix lump-sum amounts for specific terms and earn interest.
Features
D) Current Account
Features
List Of LOLC Kenya Microfinance Bank Branches
1. LOLC Microfinance Bank Head Office
Location: Westpark Towers, Mpesi Lane off Muthithi Road, Nairobi
Contact: 0733 553 555
2. Duruma Branch
Location: TB Plaza 2nd Floor, Duruma Road, Nyamakima
Phone: 0757 629 781
3. Kayole Branch
Location: Topaz Driving School building- Kayole
Phone:075 0207 375
4. Maua Branch
Location: Laichena House, Meru-Kimongoro Rd.
Phone: 073 7554 557
5. Meru Branch
Location: Tom Mboya Street opposite G4S – Meru
Phone: 0737 553 555
Marketing Units
1. Kiambu Road Marketing Unit
Location: First Floor, Ciata City Mall, along Kiambu Road
Phone:0788 289 913
2. Ngong Road Marketing Unit
Location: First Floor, Ngong Road Business Center, along Ngong Road
Phone:0788 585 563
