Structured Credit Facilities
Comprehensive overview of borrowing terms, repayment schedules, top-up eligibility, and guarantor policies at Nufaika International.
Business Loan Facility
Core credit product for working capital, stock acquisition, and enterprise scaling.
Eligibility & Requirements
- Verifiable Physical Business: Must operate an active, physical business location (verified during onboarding).
- National ID / Passport: Valid Kenyan identity documentation.
- Active Phone & M-Pesa: Required for STK push admission fee payment and weekly repayments.
- Guarantor Requirement: 1 qualified guarantor is required for guarantee validation.
- Admission Fee: KES 500 one-time non-refundable registration fee.
Key Features & Top-Up Policy
- Week 8 Top-Up Eligibility: Members with an active Business Loan can apply to refinance or top up their loan starting from Week 8 of repayments.
- Reducing Balance Accounting: Weekly installments amortize both principal and interest transparently.
- Dual-Facility Support: Eligible to unlock a secondary Small Loan facility upon reaching Cycle 2.
- Fast Review: Automated credit committee evaluation within 24 hours of submission.
Business Loan Calculator Estimator
Select your desired loan amount and term duration to calculate estimated weekly payments.
Small Loans Facility
Express working capital facility designed for rapid cash flow needs and inventory restocking.
Qualification Criteria
- Second-Cycle Requirement: Automatically unlocks when a member reaches their 2nd cycle of a Business Loan facility.
- Good Standing: Member must have an active, non-defaulted repayment track record.
- Guarantor Coverage: Same guarantor can guarantee both Business and Small loans for the member simultaneously.
Advantages
- Rapid Disbursement: Direct mobile money or bank transfer upon credit approval.
- Short 10-Week Cycle: Quick turnaround allows fast capital turnover and low interest burden.
- Concurrent Facility: Run side-by-side with your primary Business Loan without requiring additional guarantors.
Small Loan Estimator
Calculate your 10-week repayment breakdown for Small Loans facility.
Multi-Facility & Top-Up Framework
Institutional policies governing loan top-ups, guarantor exclusivity, and reducing balance accounting.
Business Loan Top-Up Policy
Members running an active Business Loan facility do not need to wait until full completion to access additional capital.
- Week 8 Rule: Top-up applications become eligible starting from Week 8 of repayment.
- Refinancing Calculation: The remaining principal balance is cleared using the new loan facility, with net capital disbursed to the member.
- Track Record Verification: Automatic verification ensures previous 7 weekly installments were paid on schedule.
Guarantor Rules & Exclusivity
To maintain portfolio risk integrity, strict guarantor guidelines are enforced across all products:
- Single Guarantor Dual Coverage: A single guarantor can guarantee both the Business Loan and Small Loan facilities for the same client.
- Cross-Client Exclusivity Rule: A guarantor cannot guarantee two different clients simultaneously. They must wait until Client A's loans are fully settled before guaranteeing Client B.
Account Active Status & Readmission Policy
60-Day Active Window Rule
Members must maintain an active credit facility or deposit activity. Remaining 60 consecutive days without an active loan automatically sets member status to Inactive / Suspended.
Readmission Fee (KES 500)
To reactivate a suspended account and restore borrowing rights, a mandatory readmission fee of KES 500 is charged upon re-application.