Helps businesses acquire assets to enhance operational capacity

Provided Grassroots Business Fund

Pricing: 9.75% per annum on a reducing balance basis
Minimum Loan Tenor: 6 months
Maximum Loan Tenor: 24 months
Moratorium: First instalment due 30 days after loan disbursement
Financing Coverage:
- New assets: Up to 95% of proforma invoice cost
- Second-hand assets: Up to 80% based on valuation
Repayment Incentives:
- 10% rebate on total interest for full, on-time repayments
- 5% rebate if a maximum of 3 installments are delayed by no more than 14 days

Submit a duly completed loan application form.
Avail the proforma invoice of the asset to be financed from a dealer.
Present a business profile.
Present 3 years of business cashflow projections.
Provide projected balance sheet for 3 years.
Provide projected profit and loss accounts for 3 years.
Present most recent management accounts or audited accounts for at least 12 months.
Most current bank statements for at least 12 months.
12 months transactional statements from Telco e.g. MPESA pay bill, MPESA Till, verifiable supplier records, and
any other verifiable data to support repayment ability.
The lending team at GBF will conduct a preliminary appraisal using the credit checks scoring tool.
Evidence of contribution to the asset to be financed must be provided. A bank transfer or mobile money transfer payment notification is acceptable evidence of contribution. Physical cash payments to vendors or dealers are not acceptable.
Provide proof of business ownership and operations; - certificate of incorporation/certificate of business registration, memorandum, and articles of association.
Identity cards for borrowers who don’t have registered businesses.
Identity cards of directors and owners of registered businesses.
Resolution to borrow for limited companies.
Copy of logbook (for used vehicles).