Nawiri Account

The Nawiri Account is a pay as you go account best suited for individuals and sole proprietors who are trading either as themselves or using a business name.

Features
  • No opening balance
  • No minimum balance
  • No ledger fees
  • Free deposits
  • Over the counter (OTC) withdrawal fee of KES. 100.00
  • This product is available in KES, USD, GBP and EURO
Benefits
  • Online banking access and capabilities
  • Free inward RTGS
  • Inward EFT charged at KES.100.00
  • Cheque book facility
  • Outward cheque deposits at KES. 25.00 per cheque
  • Mobile banking via SidianVIBE
  • Paybill/Till to bank deposit
  • Sidian Debit Card
  • Direct deposit to the account via MPESA paybill number 111999

Ungana Group Account

Are you an investment group, chama or another collective form of savings group with a common agenda to accumulate savings for investments, facilitating small to medium investments? This is the account for you.

Features
  • Opening balance of KES. 2,000.00.
  • Ledger fee of Ksh 20 per transaction; minimum of KES. 300.00.
  • Over-the-Counter (OTC) at KES. 100.00.
  • Cheque book available.
  • Borrow up to 5 times the amount saved to invest in land, stocks and real estate.
  • No limit to the number of withdrawals and deposits per day.

Micro Finance Individual Loan

Eligibility Criteria
  • Customer to maintain an active account with the bank for at least six months.
  • Customer to have serviced their previous loans without default.
  • Maximum repayment obligation of Net Household Income (NHI).
Target
  • Microenterprises in a business operated for at least 24 months.
Loan Amount
  • Minimum of KES. 300,000.00 except for repeat customers.
  • Maximum of KES. 3,000,000.00
Loan Disbursement
  • Loan instalments to be booked on a weekly or monthly basis as per client’s request.
Collateral
  • The borrower to provide cash collateral of at least 10% and the rest to be fully secured by tangible security.
  • Stock hypothecation supported by all risk insurance with the bank as a 1st loss payee to the extent of the borrowing. ( Done by Sidian Insurance Agency)
Loan Tenor
  • 24 months
Pricing
  • Interest at the prevailing market currently at 14%
  • Appraisal and disbursement fees at 3% and KES. 1,000.00 chattels registration.

Chama Biashara Loan

Target Customer
  • Customer to maintain an active account with the bank for at least six months.
  • Serviced their previous loans without default.
  • Maximum repayment obligation of Net Household Income (NHI).
Collateral
  • 30% cash collateral prior to application and disbursement.
  • The customer must maintain an active account with the bank.
  • Amounts above KES. 800,000.00 shall be secured using cash collateral, fully charged log books and title deeds.
  •  Stock hypothecation supported by all risk insurance with the bank as a 1st loss payee to the extent of the borrowing. (Done by Sidian Insurance Agency)
Loan Tenor
  • Maximum 24 months.
Loan Tenor Amount
1st 6 Months Maximum KES. 300,000.00
2nd 12 Months Maximum KES. 450,000.00
3rd 18 Months Maximum KES. 700,000.00
Next 24 Months Maximum KES. 3 Million
Loan Amount
  • Minimum of KES. 20,000.00
  • Maximum of KES. 3,000,000.00
Loan Disbursement
  • Loan instalments to be booked on a weekly or monthly basis as per the client’s request.
Pricing
  • Interest at the prevailing market currently at 14%
  • Appraisal and disbursement fees at 3% and KES. 1,000.00 chattels registration.

Would you like to open one of our MicroBanking
options today?