List Of LOLC Kenya Microfinance Bank Branches And Products

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
Mid-Term Working Capital Loan
This product provides you with the capability of settling the borrowing obtained for the working capital requirements over a comparatively longer tenor, so your cashflows don’t get constrained.
Amount: Ksh 50,000- 3,000,000
  • 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
Interest: 24% p.a. on Flat Rate.
Overdraft facility
Amount: Ksh 50,000- 3,000,000
  • 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
Interest: 24% p.a. on Flat Rate.
b) Savings Products
1.Taratibu Savings Account
A fair saving solution where you can accumulate funds and use them as needs arise.
Features
2. Lil’ Angel – Junior Savings Account

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

Victor Matara

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