CHRISTMASS LOAN

• Easy to remember

• All our funded  client who wish to get more finance to their businesses during the festive and high business season

• All Fadhili members’ clients.
• Aged between 18-65 years.
• Borrower with a good repayment record 

• Borrowers with Proof of Regular business income Borrower willing to provide guarantee of repayment and also be guaranteed by all members from the group.
• All clients who already have businesses 
• Must have cleared with the December prepayments on the other loans

• Offering responsiveness loan product that cares for the welfare of the Fadhili clients 
• Clients can do more business during the high season of festivities

• The maximum loan size is 10000 which will be given out for a maximum period of 1 month
• LGD of 20%required

• Once per year

• Minimum of 5000 and maximum of 10000 to be repaid one month

• Enough repayment periods to repay the installments. 

• To be repaid weekly during the weekly meetings 

• Enables client to pay in small manageable instalments direct from ones regular Business income or any other sources.

• All Fadhili active members in the existing active centers.
• Household’s items

• Easy collateral

• Grace period of two weeks.

• Enables one make timely repayments.

• Interest of 20%per month

• Affordable 

• 4.5% of the amount applied for or five hundred shillings whichever is higher

.

• Affordable and fair

• 1% or Kshs.150 of the loan amount whichever is higher.

• No pressure on self/family to repay in case of the covered risks (Death or permanent incapacitation).

• Brochures and flyers
• Marketing through the existing centres and groups.

• Well informed & knowledgeable customers

• Pens& rulers, T-shirts, Caps, Key-holders, umbrella,

• Incentives

• Fadhili micro enterprises offices i.e  Mombasa, Mtwapa Ukunda, Kilifi

• Convenient because it is reachable by all.
• Less costs of transport and time

• “Inua biashara likizoni”

• .cheap affordable 

• Clients welfare

• To be developed from benefits reported by clients as they start enjoying the service.

• To be developed from benefits reported by clients

• To be developed from benefits reported by clients

• Provided on loan disbursement 

• Protects one from penalties and clarity of installments information.

• Copy provided to client and proper signing done during disbursement.

• Ones right

• Positive staff attitude in customer handling
• Very experienced and competent staffs..

• Customer valued as he/she is the reason for our existence.

• Fadhili staffs are efficient
• Maximum two weeks needed to process the loan 

• Faster, saves time and the situation at hand.

• 1- 2 pages

• Not tedious

• Simple, clear and easy to understand

• Easy to understand