Lloyds Capital Group Loans

Lloyds Capital Limited offers Group Loans specifically designed for Small and Medium Enterprises (SMEs) that form groups of 3 to 10 members. Our Group Loans are flexible and affordable, with repayment terms tailored to meet the unique financial needs and circumstances of each group.

 

The main objective of our Group Loans is to empower SMEs to access the capital they need to grow and expand their businesses. By pooling resources and responsibilities, group members can access larger loan amounts than they might individually, while benefiting from shared accountability for repayment. Our loans can be used for a variety of business purposes, including working capital, inventory purchases, equipment acquisition, and other operational expenses.

 

We recognize the critical role SMEs play in driving economic growth and job creation, and we are committed to supporting their success. Our loans are available to a wide range of SMEs, including those in the informal sector, and we offer competitive interest rates to ensure affordable access to finance. The application process is fast and streamlined, with approvals typically processed within a short period.

 

At Lloyds Capital Limited, we believe in the power of SMEs to drive economic development and create employment opportunities, and we are dedicated to providing the financial solutions they need to succeed. Group Loans are just one of the many ways we support SMEs and contribute to the growth and development of communities we serve.

Group Loan Requirements

Group Loan Requirements
  • Certificate of Registration

  • Minutes of the Meeting for Registration

  • Group By-Laws

  • Identity Documents: Passport photo, National ID copy, and KRA PIN

  • Two Guarantors:

    • 1st Guarantor: Spouse or close relative (borrower must declare absence of spouse if applicable)

    • 2nd Guarantor: Group member familiar with the borrower

  • All Group Members must guarantee the borrower

  • Passbook: Each member must obtain a passbook at KSh 100

  • Supervision: Loan officers and group officials will supervise income-generating activities and household collaterals

  • Training: Provided by the loan officer and supervisor before loan disbursement

  •  

Benefits of Our Group Loans

  • Affordable interest rates

  • No hidden charges


Group Loan Details

  • Loan Period: 1–3 months

  • Interest Rate: 5% per month

  • Processing Fee: 7.5% of the principal amount

  • Loan Amount: KSh 10,000 – 50,000 (secured by the business)

  • Mandatory Savings: 20% of the loan amount

  • Individual Registration Fee: KSh 1,000