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Business loans at Hazina Development Trust

I have been covering mostly on interest accruing business and or personal loans for a while now but today I have decided to highlight something about interest free loans.What? Yes, I mean loans which will never attract interest.

If I say interest free loans it's rarely supposed to be from the government but mostly always from Shariah compliant financial institutions which is the reason for this post.Here in Kenya, I know there are many big and established shariah compliant banks like Habib bank,
Gulf African bank , First Community bank , Bank of India and many others which I will cover sometimes later but due to the nature of the people am dealing with (poor micro entrepreneurs),I will cover Micro-finance institutions starting with Hazina Development Trust for this post.

Hazina Development Trust was founded in the year 2011 by an  experienced financial consultant with its headquarters located at Takaungu [now moved to Mombasa], a small roadside town along Mombasa-Malindi highway. The sole goal of the initiative was to relieve the area residents of Takaungu (especially women and youths) of their longtime povertiness by providing consultancy in micro-enterprise and financial management.

Loan Facilities.

After noticing their positive impact in the community, Hazina Development Trust turned to a fully Micro-finance institution and started expanding it coverage along the coastal region reaching Mtwapa [now closed], Mombasa city and Likoni in South Coast. Being Shariah compliant all its credit facilities accrue no interest. You only share the profit and that is only if it grows above ksh5000.There were about four loan packages fully functional then.

Mkopo nibebe-This is the biashara start-up loan which is the most popular as it allows women or youths groups to put their first step into owning and running a business. The maximum amount one group can borrow was ksh15000 and there's no collateral required.

Graduate biz loan- it's called biashara Imara loan as it targets groups which have successful repaid their first loan .Individual members can borrow too.The maximum loan amount was ksh100000.

Hazina Hassanah credit- it's a special kind of loan given to very poor members of the Hassanat division, a group receiving mentorship services at the Hazina Development trust.The credit facility is 100% interest free thus named 0% social development loan.

Joint investment partnership- Targets people with valid business dreams.It can be a group project or a merchant investment plan that you want support for.

Due to their closeness to the community, this trust developed other loan packages including; school fees loan,medical cover(afya bora loan) and festival loans which are full mature now.


Sometime in April this year[2015],Loans Kenya had an interesting online chat on facebook with Mr Zayyad, one of the executives at hazina development trust.Mr Zayyad pointed out that a lot of changes in their products and outlets have changed and he gave us the following information below;

'"About Hazina.
Hazina Development Trust Limited is a private company limited by shares, it was founded in 2011 by a young entrepreneur who has interests in Finance and ICT.

Hazina started its operations at Takaungu/Kibaoni village along Mombasa- Malindi highway in Kilifi County and within 6 months of operations it's model proved to the shareholders that it can be replicated in other parts of the Coastal region where a number of banks and financial institutions are ignoring and/or extorting money from the poor. Hazina rolled out in other parts of Coast like Likoni in Mombasa, Kwale, Mtwapa, Kisauni, Changamwe and now in Mariakani as well and has benefited over 2500 families.
Hazina operates in a fair and ethical practice and offer financial services in line with the principles of Islamic Shariah. It is not a faith based institution and it serves all clients irrespective of their religion nor ethnic backgrounds.
Hazina provides a number of facilities to its clients both in joint liability groups and also individuals without groups. Some of the facilities offered by Hazina are:
1. 0% working capital loans (group clients only) 2. Murabahah Financing (For stock & asset) 3. Ijarah Financing (asset leasing) 4. Agricultural Financing. 5. Personal Financing (school fees, festival, medical insurance) 6. Business & Financial skills Training.

 All our group members gets a free personal accident
cover and the groups are also eligible for joint venture partnership with Hazina on profit and loss sharing model"
For more information on our services, you can visit any of our offices or reach us through the following contacts:

And our Head office is at Formax Centre,
Archbishop Makarios Road
Telephone: +254 706 247815 Email:

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