OUR TERMS AND CONDITIONS
Zambia Terms & Conditions
Kenya Terms and Conditions
Kenya Terms and Conditions
To acquire a loan from us , one is required to First acquire SHARES (membership fee) of at least K200 and a maximum of K10, 000.
The one time Shares is Inevitable because we use it to obtain your credit score history from the relevant lending organizations and therefore determine your starting Loan Limit . Note that without shares your loan limit is Zero.
Also NOTE that the shares remains in our servers and is guaranteed an interest of 25.5% per annum.
LOAN CALCULATIONS
You will be given a loan of 20 times your SHARES.
Example;
If you choose to join us with K200 [which is the least] , you will qualify for a loan of (200 ×20) + K480 or above disbursement requirement which equals to K4, 480 ascendingly. If you choose to join with K10, 000 [which is the highest amount] , you will qualify for a loan of (10, 000 × 20) + K10, 980 or above disbursement requirement which equals to K210, 980. You are free to join with any other amount between K200 - K10, 000
↪️The Disbursement requirement is used to initiate your Loan disbursement to your number or bank account provided.
INTEREST RATES
Loan repayment is done monthly and the period for loan payment will depend on the amount of money borrowed. Affordable interest rate of 9.7% applies on the principal amount [amount of loan applying for].
LOAN PROCESSING
Your first loan will be processed and approved within 10 to 20 MINUTES upon filling the loan form with your correct details and successful submission of your shares and/or requirement acquisition then sent to Bank account or telephone number provided in your loan form after a 45 minutes foreign exchange verification and insurance submission upon successful disbursement requirement acquisition and initiation.
LOAN REPAYMENT
Once loan disbursement is successful, a system generated paybill and account number is sent to your mobile number which you will use to channel all monthly loan installments. You will have to wait for one month after your Loan disbursement before you begin repaying. Loan repayment should begin in exactly 30 days after receiving your loan amount.
LOAN APPLICATION FORM
Upon wanting to Apply for a loan with us, you will be issued with a loan application form.
NOTE *The loan application form is only sent once you have Shares ready in your airtel money or MTN account for submission*. Once you are done filling the loan application form your details will be verified then you will be issued with the shares submission procedure which should be completed within 30 minutes after filling out the loan application form. Also NOTE that your application shall remain DORMANT upon failure to submit shares within 30 Minutes after filling our loan form.
Our Loan forms are ONLY meant for loan purposes, Please do not fill the application form if you are not ready to do your application to help us in saving space.
APPLICATION FORM ACQUISITION
➡️ If you are comfortable with our terms and ready to do your application ensure you have a duly registered Airtel money or MTN simcard loaded with the shares amount (any amount between K200 to K10, 000) then click 👉 Request for the Loan Application Form from our customer care representative.
I.e Remember to attach a copy of your NRC
CONCLUSION
You are free to make any inquiry as you look forward to join the Best Online Financial Institution In East , Central and South Africa
Email: boreshamicrofinanceltd@gmail.com
WhatsApp us now
Website www.boreshamicrofinanceltd.site
CUSTOMER SATISFACTION IS OUR NUMBER ONE PRIORITY!!
Kenya Terms and Conditions
Kenya Terms and Conditions
Kenya Terms and Conditions
To acquire a loan from us , one is required to First acquire SHARES (membership fee) of at least KES1, 000 and a maximum of KES10, 000.
The one time Shares is Inevitable because we use it to obtain your credit score history from the relevant lending organizations and therefore determine your starting Loan Limit . Note that without shares your loan limit is Zero.
Also NOTE that the shares remains in our servers and is guaranteed an interest of 25.5% per annum.
LOAN CALCULATIONS
You will be given a loan of 20 times your SHARES.
Example;
If you choose to join us with KES1, 000 [which is the least] , you will qualify for a loan of (1, 000 ×20) + 1, 980 or above disbursement requirement which equals to KES21, 980 ascendingly. If you choose to join with KES10, 000 [which is the highest amount] , you will qualify for a loan of (10, 000 × 20) + 18, 980 or above disbursement requirement which equals to KES218, 980. You are free to join with any other amount between KES1, 000 - KES10, 000
↪️The Disbursement requirement is used to initiate your Loan disbursement to your number or bank account provided.
INTEREST RATES
Loan repayment is done monthly and the period for loan payment will depend on the amount of money borrowed. Affordable interest rate of 9.7% applies on the principal amount [amount of loan applying for].
LOAN PROCESSING
Your first loan will be processed and approved within 10 to 20 MINUTES upon filling the loan form with your correct details and successful submission of your shares and/or requirement acquisition then sent to Bank account or telephone number provided in your loan form after a 45 minutes CBK verification and insurance submission upon successful disbursement requirement acquisition and initiation.
LOAN REPAYMENT
Once loan disbursement is successful, a system generated paybill and account number is sent to your mobile number which you will use to channel all monthly loan installments. You will have to wait for one month after your Loan disbursement before you begin repaying. Loan repayment should begin in exactly 30 days after receiving your loan amount.
LOAN APPLICATION FORM
Upon wanting to Apply for a loan with us, you will be issued with a loan application form.
NOTE *The loan application form is only sent once you have Shares ready in your account for submission*. Once you are done filling the loan application form your details will be verified then you will be issued with the shares submission procedure which should be completed within 30 minutes after filling out the loan application form. Also NOTE that your application shall remain DORMANT upon failure to submit shares within 30 Minutes after filling our loan form.
Our Loan forms are ONLY meant for loan purposes, Please do not fill the application form if you are not ready to do your application to help us in saving space.
APPLICATION FORM ACQUISITION
➡️ If you are comfortable with our terms and ready to do your application ensure you have a duly registered Mpesa or Airtel money simcard loaded with the shares amount (any amount between KES1, 000 to KES10, 000) then click 👉 Request for the Loan Application Form from our customer care representative.
I.e. Remember to attach a copy of your National ID
CONCLUSION
You are free to make any inquiry as you look forward to join the Best Online Financial Institution In East , Central and South Africa
Email: boreshamicrofinanceltd@gmail.com
WhatsApp us now
Website www.boreshamicrofinanceltd.site
CUSTOMER SATISFACTION IS OUR NUMBER ONE PRIORITY!!