Milele Credit

Maiga House Ngong Ground Floor Room 4 P.O Box 24756-00100

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Our Financial Solutions For You

Loans

Milele Credit offers a wide range of loan products tailored to meet the specific financial requirements of individuals and MSMEs. With our quick and hassle-free loan application process, we provide flexible financing options to help you meet your personal and business needs.

Financial Education

We believe that financial empowerment starts with knowledge. That’s why Milele Credit provides comprehensive financial education programs designed to empower individuals and MSMEs with the necessary knowledge and skills to make informed financial decisions. From budgeting and saving tips to business finance strategies, our workshops and resources are tailored to meet your unique needs.

Our Loan Products

Business Loans are categories as Term and Time Loans. These facilities are for financing business activities including acquiring properties while overdraft is for financing working capital. These are secured facilities offered at the rate of 5% flat rate or 8% reducing. Term loans are repayable within a period of 24 Months while Overdrafts are repayable within a period of one year.

Apply for business loan & overdraft here

A salary advance Loan is a facility offered to employed individuals looking for fast flexible terms. We offer up to 30%- 50% of your net salary within 12 hours. The interest rate is 10%; Maximum payments duration is up to 3 months.

Requirements

⦁ Valid Employments Letter
⦁ 3 Month`s Pay-Slip

⦁ 6 Month`s Bank statements
⦁ Cheques
⦁ One Guarantor

Apply for salary advance here

Logbook Loan is facility extended to individuals or companies who intend to use their vehicle`s log book as security. We offer up to 70% of the car`s value within hours. The interest rate ranges between 3.5% to 5%; customized to meet your needs. Maximum Repayments period 24 months.
Requirements
⦁ Cars that are 2009 YOM and above
⦁ Valid Kenya Logbook
⦁ ID, KRA PIN/CERTIFICATE OF INCORPORATION (for companies)
⦁ Current CR12 for Companies
⦁ Cheques
⦁ Comprehensive insurance certificate
⦁ 6 Months Bank statements
⦁ Audited financial statements for Last 3 years (for companies)

Apply for logbook loan here

An asset Finance Loan is for the young and budding individual, entrepreneur or company looking to buy their first car or upgrade their current assets. We offer up to 70% of the cars value; within

6 hours at an interest rate of 3.5% to 5% customizable according to your needs. Maximum repayment period 24 Months
Requirements
⦁ Proforma Invoice
⦁ Sale Agreement
⦁ 6 Months bank statements
⦁ ID and KRA PIN
⦁ Comprehensive insurance Cover
⦁ Cheques

Apply for asset finance here

An LPO Financing Loan is a facility offered to entrepreneurs who need to deliver purchase orders or contracts on a time crunch. The facility needs to be secured by a vehicle`s logbook, title deed and reputable company shares as collateral The interest rate is 10%; payments duration is up to 3 months. 3% discount on the value of LPO

Requirements
⦁ Valid Tender documents/LPO
⦁ Current CR12
⦁ Certificate of incorporation
⦁ ID, KRA pins for Directors
⦁ KRA pin for the company
⦁ Companies 6 Months bank statements
⦁ Evidence of completed LPOs or invoices
⦁ Collateral / security

Apply for LPO financing here

BODA Loans is a facility offered to entrepreneurs who need to carry on motorbike transport business. This facility needs to be secured by Motobike Logbook. The interest rate is 10%; payments duration is up to 3 months.
⦁ Rider Must be member of an organized Group/Stage
⦁ Chairman of the group to Guarantee the facility
⦁ Finance New motorbikes only
⦁ Valid Kenya Logbook
⦁ ID, KRA PIN/CERTIFICATE OF INCORPORATION (for companies)
⦁ Current CR12 for Companies
⦁ Cheques
⦁ Comprehensive insurance certificate

Apply for boda loan here

MOU Loans is a facility offered to company’s employees based on memorandum of understanding between the company and Milele Credit Ltd to offer loans to their employees at a negotiated rate. The company will be deduction repayments from source and send direct to Milele credit Limited The interest rate is 10%; payments duration is up to 3 months.

Requirements

⦁ Both parties to sign memorandum of understanding agreements

⦁ Company to introduce staff
⦁ To sign forms designed specific for the company

Apply for MOU loan here

Chama Loan is a loan facility offered to youth and women groups to support their business activities. The interest rate is 7%; payments duration is up to 3 months.

Apply for MOU loan here

JIJENGE/JIPANGE Loan is facility offered to SME`s to provide working capital to their business. The interest rate is 10%; payments duration is up to 3 months.

Apply for jipange loan here