Most of the potential clients of KIE LTD ask questions concerning various issues pertaining to the services they expect to recieve from KIE LTD.
We have compiled some of the commonly asked questions and their answers:
1. What type of business do I need to be in to qualify for a KIE loan?
2. What minimum/maximum amount of loan can one apply for?
a) Small & Medium Scale Industries
Loan sizes range from Kshs. 500,000 to 14 million, equivalent to a maximum K.I.E LTD expenditure of 70% total investment payable over a period of 3 - 8 years
b) Micro Loans
Starting in 1982, KIE LTD has established a broad-based micro loans program that addresses the growth needs to the very small informal sector entrepreneurs, locally nicknamed Jua Kali because of their precarious open air operations. Presently, the loan-size obtainable under this scheme is minimum Kshs. 100,000/= and a maximum Kshs. 500,000/=
3. Is there grace period offered on KIE loans?
A one year grace period can be offered for the Small Scale Industry loan programme.
4. What is your interest rate?
Our current interest rate is 10% on reducing balance.
5. What are other requirements for applying for a loan?
6. What type of security will I need to cover the loan?
All loans will attract sufficient collateral security whose value is at least 140% of loan amounts
7. What expenses will I incur during the loan application process?