MSMEs Friendly Banks
Apart from being the largest lenders to the MSMEs, these banks have tailored accounts and affordable funding facilities for the MSMEs to help them grow and upscale.
Equity Bank was Africa’s best bank for the SMEs in the Euro money awards year 2021. 51% of the bank’s loan book goes to the small and medium enterprises in Kenya.
Equity Bank- SME Current Account.
Key Features:
- No minimum operating Balance
- No monthly charges
- Full access to mobile banking
- Cash & cheque deposit facility
Contacts:
Website: www.equitygroupholdings.com
Kenya Commercial Bank (K.C.B) has the most simplified loan application process and charges for SMEs in Kenya. Entrepreneurs are segregated according to their trade and each class has a dedicated account
Key Features:
- No minimum balance
- Zero operating balances
- Easy access to loan facilities
- Internet banking services are available
Contacts: www.kcbgroup.com
With ABSA one account an entrepreneur can enjoy the ease and convenience of doing all banking services from one account.
Key Features:
- Zero maintenance fees and no minimum balance requirements
- Monthly cashback after using ABSA debit card to shop
- Unsecured loans with repayment periods of up to 7 years
- Vehicle and asset finance solutions
- Home loans with specialist support when buying or doing home construction
- Access to savings and investment solutions that grow wealth including; zidisha Bonus Save, Bonds investment, etc.
- Free specialized cover.
Contacts:
Website: www.absabank.co.ke
Key Features:
- Access to unsecured and secured borrowing.
- Access to unsecured and secured overdrafts.
- Access to trade finance services.
- Availed MSME Asset Finance Solutions
- Access to non-financial services solutions
Contacts:
Website: www.co-opbank.co.ke
Stanbic has segregated Kenyan entrepreneurs depending on their gender so that they can understand and serve each group better.
Key Features:
- Access to non-financial services e.g training, networking, events, empowerment, etc
- Easy access to loans.
- Internet banking services available
- No minimum operating balance is required.
- PAY as you go.
- Personalized services
Contacts:
Website: www.stanbicbank.co.ke
HF Group has this account specifically designed for SMEs who are in Business and Require Financing to support their needs and help them grow.
Key features:
- No operating balances
- Easy to loan facilities
- Access to mobile banking services
- Access to insurance products.
Contacts:
Website: www.hfgroup.co.ke
N.C.B.A business current account is designed for young businesses that require flexible banking to accommodate their transaction volumes.
Key Features:
- No minimum operating balances
- Minimum opening balances
- Available in major operating currencies
Contacts:
Website: www.ncbagroup.com
DADA is an inclusive platform created by Stanbic bank for women that provides financial and non-financial services to enable women entrepreneurs to start and grow their enterprises. This includes financial benefits such as borrowing, saving, protecting and managing wealth.
Non-financial benefits such as education, information, networking, rewards and wellness activities.
LOCATION:
Stanbic Bank Kenya Branches
CONTACTS:
Tel: 0711068888
Email: dadake@stanbic.com
Website: www.dada.stanbicbank.co.ke
Msamaria is an exclusively dedicated account for women in business who are looking to expand their businesses.
This account is packed with loan offers, financial empowerment and training to aid in making better investment decisions.
LOCATION :
Cooperative bank branches
CONTACTS:
Tel: 0736690101 WhatsApp 0736690101
Email: customerservices@co-opbank.co.ke
Website: www.co-opbank.co.ke
The she account by ABSA is a business account designed to provide women entrepreneurs with one-stop banking solutions, affordable financing, and access to local and international markets, business-based information, coaching and mentorship to accelerate their business growth.
LOCATION:
ABSA Bank Branches
CONTACTS :
Whatsapp: 0710-130000
Email: absa.kenya@absa.africa
Website: www.absabank.co.ke
This is a dedicated banking solution that seeks to give women entrepreneurs equal rights to economic resources.
Available products include; women-friendly loan facilities, training and empowerment platforms.
LOCATION:
Equity Bank Branches
CONTACTS:
Email: info@equitygroupholdings.com
Website: www.equitygroupholdings.com
GAB has designed this banking solution with Muslim women entrepreneurs in mind. Added benefits include loan facilities, empowerment events and equipping women with right skill set and knowledge to enable them to build solid businesses.
LOCATION:
Geminia Insurance Plaza, UpperHill- Nairobi Kenya
CONTACTS:
Tel: 0711-075000
Whatsapp : 0729111537
Email: customercare@gab.co.ke
Website: www.guifafricabank.com