Group Insurance Premium Financing

Great features

• Loan amount: up to 1M based on ability to pay
• Loan Period: up to 10 Months 

Group Eligibility Criteria

• Membership of 12 - 40 members
• Registered with the relevant government agencies.
• Group members must undergo Business
• Development services trainings offered by Equity Bank Kenya.
• Group must be registered with Equity Bank Kenya
• Existing groups from other MFI’s and Banks for a period of not less than 1 year.

Individual Members Eligibility Criteria

• Members must be 18 years and above.
• Members must be running a Micro business or willing to Start.
• Members must participate in group weekly/bi-weekly/monthly meetings.
• Mandatory Weekly/Biweekly/Monthly savings.
• Member to be registered within the group registered with the bank.
• Members must be willing to guarantee loans taken by another member.

3 Easy Steps to Get the product

• The members to enrol/ form a group
• Register the group with relevant government body
• Visit the nearest branch for support