List of SMEP Microfinance Bank Loan Products and Branches

This is a  list of SMEP Microfinance Bank loan products and their branches in Kenya. The bank started off as a relief arm of the National Council of Churches of Kenya (NCCK) in 1975 with an aim of feeding needy children in Mathare Valley, Nairobi. It was licensed as a public deposit-taking microfinance institution on 14th December 2010. In 2012, SMEP became the first microfinance institution in Africa and second in the world to launch a Visa debit card to its customers.

Its head office is located along   Road off Argwings Kodhek Road in Nairobi. They have a network of more than 18 branches across Kenya.

SMEP Microfinance Bank Loan Products

1. Personal Loans

They are designed to help you meet unexpected medical bills, doing home repairs or improvements, education fees, purchasing a car, repairing appliances or even consolidating multiple debts.

2. Consumer Loans 

They include Rembesha Nyumba (Household Loans) i.e refrigerator, microwave, cooker, TV set, installation of electricity, furniture, Maji Ni Uhai (Water Tanks), Angaza Nyumba (Solar Power), Elimu (School Fees), and Sherehekea loan (Only during festival season).

Features

• The cheque is paid directly to the supplier of product or service (for example, manufacturer, school, supermarket, etc.).
• No extra banker’s cheque fees.
• The client must have paid at least 50% of current business loan.
• The group must not be in arrears.

3. Asset Financing 

They offer financing options for all your motor vehicle, fleet and capital equipment needs at competitive rates.

4. Agribusiness Loans 

Features

• Dairy farming Loan:-This is financing farmers to enable them to purchase quality dairy cows.
• Input Financing:-This is financing given to farmers to purchase quality farm inputs like seeds, fertilisers and agrochemicals.
• Agribusiness/Agro dealer Loans:-These are loans given to clients who trade for agricultural inputs and produce like farmers agro-dealers, commodity traders and processors as working capital for capital investments, stocking their business and for their day to day operations.
• Livestock financing:-This is financing for the purchase of inputs, quality breeds and equipment for modern farming in livestock like dairy goats, beef goats, pigs, rabbits, poultry, fish, and beekeeping value chains.
• Agricultural Asset Financing:-This is financing for the acquisition of agricultural farm machinery, equipment and implements like tractors, milking machines, chuff cutters etc and motor vehicles used in the agricultural value chains.
• Greenhouse Financing:-This is financing for the acquisition of Greenhouse structures, inputs, irrigation kits, and agronomical support.

5. Business Loans 

These loans are designed for business owners to boost their cash flow and keep the business running. They offer business loans from as low as Ksh 20, 000.

6. Check-off Loan