FADHILI TAYYIB PRODUCT
| Underlying Islamic Mode | Murabahah |
| Islamic Contract | Murabahah |
| BRAND NAME | Fadhili Tayyib product |
| Purpose for Financing | Asset Financing
Business Financing (Working Capital needs) Logbook Financing LPO Financing Import Financing Group Financing School fees medical financing |
| Target Sectors | Manufacturing, Construction, Trade, Individuals, Agribusiness |
| Target Customers | SME, Groups & Individuals |
| Product Type | Financing Product |
| Pricing (Profit Rate) % | Varies depending on the purpose for financing |
| Basis for Pricing | Customer Risk Profile, Sector |
| Collateral | Cash collateral, group guarantees, chattel mortgage, legal charge |
| Minimum Limit | Ksh 3000/= |
| Maximum Limit | Ksh 6,000,000/= |
| Minimum Tenure | 1 month |
| Maximum Tenure | 24 months |
| Financing Prohibitions (Prohibited Business Activities) | Alcohol, Tobacco, Pork, Gambling, Entertainment (Adult Content) |
| Product Features/Attributes | Quick Processing (TAT) – Within 24 hours Pricing – Profit Rate of 2.5% per month Facility Processing Fee -5 %of the cost price Facility
Insurance3%ofthecostprice Up to 80% financing of the assets Flexible repayment period,1-60 months Flexible Tenure between 1-60 months Relationship Management Asset financing of up to 8 years Minimum grace period of 15 days after disbursement chattel fee of 2% |
| Requirements | Should be registered member of Fadhili micro enterprises Application Form
Bank statement/Mpesa statements /Acceptable Collateral/security KYC documents Financial records (To be added based on Financing needs) |