How to get a bank loan in Kenya
How to get a bank loan in Kenya Bank facilities are important for both employed and self-employed people, and small businesses as well as corporates. Development loans are healthy loans while consumer loans are just a trap. The most common and important loans include: asset finance loans, project loans, agriculture-based loans, business loans, Local Purchase Order (LPOs) financing and mortgage loans. School fees and personal loans (for consumptions) are also common but you do not really need them. Before we look at the simple steps you should follow for you to secure a financing in Kenya, let’s take a look at the following highlights: 1. Before you apply for a loan, first sit down and write a clear budget of what you want to execute. This will prevent cases of being under-financed or over-financed. If you are under-financed, it may either be difficult to get an additional financing or the entire process will be very costly. If you are over-financed,...