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By 2010 there were more than twenty large micro finance institutions in Kenya, which provided US $1.5 billion to approximately 1.5 million active borrowers. With over 100,000 clients, Equity Bank Kenya had the largest share of business loans representing market share of 73.50% followed by Kenya Women Microfinance Bank with 12.06%.
The cost of fast business loans will depend on the type of loan, repayment terms, interest rate and any additional fees A fast loan approval process is appealing if your organization needs cash fast.
Key takeaways. Fast business loans offer rapid funding, often in one to three business days. Business lines of credit, business credit cards and merchant cash advances can be considered types of ...
Lender. Loan type. Funding speed. Loan amount. Credibly. Working capital. 1 business day. $5,000 to $400,000. Bluevine. Line of credit. 1 business day. Up to $250,000
2. Figure out how much loan you can afford. Most lenders provide funding between 10 percent and 30 percent of your annual revenue. This limit helps ensure your company can manage the loan and ...
The Hustler Fund, administratively also known as The Financial Inclusion Fund, is a loan project led by the Kenyan government which provides instant loans to Kenyan citizens upon request. The program was launched by President William Ruto in late 2022 with the intention of providing at least $420 million in loans.
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