Lloyds Capital Group Loans
Lloyds Capital Group Loans are specially designed for Small and Medium Enterprises (SMEs) that come together in groups of 3 to 10 members. These loans are flexible and affordable, with repayment terms tailored to suit the group’s unique financial situation.
The main objective of our Group Loans is to empower SMEs to pool resources and access larger amounts of capital than they could individually. By working collectively, group members not only strengthen their borrowing power but also share responsibility for repayment. The funds can be used for various business purposes such as working capital, inventory purchases, equipment acquisition, or other investments that support business growth.
We recognize the vital role SMEs play in creating jobs and stimulating economic growth, and we are dedicated to supporting their success through accessible financing. Our Group Loans come with competitive interest rates and a fast, straightforward application process, ensuring quick access to funds when they are needed most.
At Lloyds Capital, we believe in the collective strength of SMEs to transform businesses and uplift communities. Our Group Loans are just one of the many ways we are helping to drive growth, create opportunities, and support economic development.
Group Loan Requirements
To apply for a Group Loan, the following are required:
Certificate of registration
Official minutes of the meeting for registration
Group by-laws
Identity documents (passport photo, ID copy, KRA PIN)
Two guarantors per borrower:
1st guarantor – spouse or close relative (if no spouse, borrower must declare)
2nd guarantor – a fellow group member who knows the borrower well
All group members must guarantee the borrower
Each member to obtain a passbook (Ksh 100/=)
Loan officer and group officials to conduct supervision of income-generating activities and household collateral
Mandatory training facilitated by the loan officer and supervisor
Benefits of Our Group Loans
Affordable interest rates
No hidden charges
Shared responsibility, strengthening credit access
Group Loan Processing Period
Loan duration: 1 to 3 months
Group Loan Interest Rates & Fees
Interest rate: 7.5% per month
Processing fee: 7.5% of the principal amount
Loan amount: Ksh 10,000 – 50,000 (secured by business assets)
Savings requirement: 20% of the loan amount
Individual registration fee: Ksh 1,000
