Enhanced Collateral and Loan Application Flexibility

ByTrevor Ssekalaala

Collateral Flexibility

  • Borrowers can pledge collateral exceeding the loan amount without restrictions (e.g., Ksh 5,000,000 collateral for a Ksh 1,000,000 loan).
  • Guarantor collateral is no longer bound by loan amount or multipliers but must secure the guaranteed loan portion.

Loan Multiplier

  • A new loan multiplier, tied to borrower savings, determines the maximum loan.
    Example: Savings of Ksh 500,000 with a multiplier of 3 allows a loan of Ksh 1,500,000.

Simplified Focus

  • Collateral and guarantor support now exclusively secure the loan, without limiting the application amount.

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