To answer the urgent market need for easily accessible working capital solutions for Individuals and Small Micro Enterprises (SMEs) in Kenya, the Jawabu Biashara loan app was created in April 2018.
Jawabu Biashara aspires to be a respectable rival in the market and is a firm believer in the dreams of the nation.
Jawabu Biashara guarantees that credit is easily accessible to people who need it the most by providing organized financial solutions.
Contents
Loan Products
Logbook Loans
Jawabu Biashara’s logbook loan is a personal loan that is secured against the value of your motor vehicle. The loan is designed to meet both personal and business financial needs without requiring you to part ways with your treasured vehicle.
With competitive pricing and a swift approval process, you can receive a loan of up to Ksh 300,000 within 24 hours.
Digital Loans
In the digital age, Jawabu Biashara understands the need for quick and convenient loan solutions. By downloading the Jawabu Biashara mobile app, you can easily access a mobile loan approval of up to Ksh 10,000 at the touch of your phone.
With this user-friendly app, obtaining the necessary funds has never been easier.
Landlord Loans
Are you a landlord in need of immediate cash flow? Jawabu Biashara offers a quick, fairly priced, short-term personal loan specifically designed to meet your needs. With a loan term of 12 months, you can address your immediate financial requirements efficiently.
The loan approval process is expedited, ensuring you receive the funds you require within hours.
Business Loans
Jawabu Biashara understands the challenges faced by business owners when it comes to accessing short-term capital for their enterprises.
That’s why they offer business loans tailored to address immediate business needs and short-term working capital requirements. To be eligible for these loans, you need to have operated a legal enterprise for at least six months, be a Kenyan citizen aged between 18 and 65, and provide acceptable collateral to secure the loan.
Frequently Asked Questions (FAQs)
Who Is Eligible?
Micro, small, and medium-sized business owners are eligible to apply for Jawabu Biashara loans. Whether you’re an individual entrepreneur or the owner of a small enterprise, Jawabu Biashara is here to support you.
What Are the Repayment Terms?
The loan term varies depending on the specific financial solution chosen. However, the maximum loan tenor is 12 months, and you can opt for either weekly or monthly loan repayments. Jawabu Biashara ensures that its loans are competitively priced, making repayment a manageable and affordable process.
How Much Can You Borrow?
For first-time borrowers, Jawabu Biashara offers initial loans of up to Ksh 300,000. This generous loan amount provides a significant boost to your business or personal financial requirements.
Insurance Premium Financing
Jawabu Biashara provides Insurance Premium Financing (IPF) to help you conveniently manage your insurance payments. Instead of a large lump sum, you can repay your premium through affordable monthly installments.
With Jawabu IPF, you can finance up to 100% of the premium amount, with a maximum limit of Ksh 120,000. Repayment periods range from 3 to 6 months, with equal monthly installments (EMIs).
Accepted payment methods include postdated cheques and standing orders. Jawabu Biashara offers competitive pricing for its IPF, ensuring effective management of your insurance expenses.
How to Apply for a Jawabu Biashara Loan
Applying for a loan with Jawabu Biashara is a straightforward and convenient process. Follow these simple steps to get started:
Step 1: Download the App
To begin your loan application, download the Jawabu Biashara app directly from the Google Play Store. The app is designed to provide a seamless and user-friendly experience for borrowers.
Step 2: Register Your Details
Once you have downloaded the app, sign up and create an account by providing the required personal information. This step ensures that Jawabu Biashara has the necessary details to process your loan application accurately.
Step 3: Send M-Pesa Statement
As part of the loan application process, Jawabu Biashara requires a 12-month M-Pesa statement. This statement helps verify your financial history and assists in determining your loan eligibility. Ensure that you provide the requested M-Pesa statement for a smooth application process.
Step 4: Loan Approval
After completing the necessary steps and submitting your application, the Jawabu Biashara team will review your information promptly. If your loan application is approved, you will receive a notification congratulating you on your successful loan approval. This signifies that you are now ready to access the funds you need.
Contact Jawabu Biashara Loan App
Should you have any questions, concerns, or require further assistance, the Jawabu Biashara team is readily available to support you. Reach out to them through the following contact details:
Head Office:
- Location: Muthaiga Square, 3rd Floor
- Phone: 0701337676 / 0701338383
Githurai Branch:
- Location: Githurai 45 – Kimbo Road, Next to the post office
- Phone: 0748843108
Ngara Branch:
- Location: Ngara Road, YTL Tigoni Plaza
- Phone: 0748403464
Thika Branch:
- Location: Nkrumah Road, Grace House, 4th Floor, Room 13
- Phone: 0745376278
The Jawabu Biashara team is committed to providing exceptional customer service and ensuring that you receive the assistance you need throughout your loan application and repayment journey.
Conclusion
The goal of the Jawabu Biashara loan app is to empower Kenyan citizens and small businesses by offering easily accessible and practical working capital options.
Jawabu Biashara provides a variety of loan solutions, such as logbook loans, digital loans, landlord loans, and business loans, to meet the specific financial demands of their clients.
Jawabu Biashara is a dependable and trustworthy solution for consumers thanks to its low pricing, adaptable repayment terms, and quick loan approval procedures.
Install the Jawabu Biashara app right away to start confidently moving toward your financial goals.