Water is life.Financing activities bringing water availability by banks or other lenders in kenya is rare as this loan facility is generalised as a personal loan.The Maji loan facility offered by the equity bank was thoughtful.
Majority of the regions in Kenya are dry.The ASALS like Kitui and other Ukambani areas, Garissa,Marsabit, and the famous Ngamia one area in Turkana real needed water tanks to store that few of rainfall whenever it rainied or sink boreholes.The highlands people needed water tanks to store the water wasted during heavy rain seasons.Mombasa, Malindi and Watamu residents wanted to finance the costs of water connections.Maji loan covered all these.
Today, I will not talk about business though water selling in a booming activity a long the coast.That will be up to you but today, I will give general details about maji loan facility.
This loan is available to equity bank customers with atleast 3months active accounts .It can be a group or an individual.
The borrower can get up to 100% financing. This means the bank can finance the whole process of water connection,sinking a borehole or whichever activity.
There is a collateral but flexible.You present what you have and the credit officers will do the evaluation.
You can repay after a maximum of 36months.
That's all.You can ask for more personal help by leaving a comment now.
Majority of the regions in Kenya are dry.The ASALS like Kitui and other Ukambani areas, Garissa,Marsabit, and the famous Ngamia one area in Turkana real needed water tanks to store that few of rainfall whenever it rainied or sink boreholes.The highlands people needed water tanks to store the water wasted during heavy rain seasons.Mombasa, Malindi and Watamu residents wanted to finance the costs of water connections.Maji loan covered all these.
Today, I will not talk about business though water selling in a booming activity a long the coast.That will be up to you but today, I will give general details about maji loan facility.
This loan is available to equity bank customers with atleast 3months active accounts .It can be a group or an individual.
The borrower can get up to 100% financing. This means the bank can finance the whole process of water connection,sinking a borehole or whichever activity.
There is a collateral but flexible.You present what you have and the credit officers will do the evaluation.
You can repay after a maximum of 36months.
That's all.You can ask for more personal help by leaving a comment now.
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