How Asante's Bloom Loan is Helping SMEs Achieve their Business Goals

How Asante’s Bloom Loan is Helping SMEs Achieve their Business Goals

By Lynnet Okumu / Published June 3, 2022 | 10:47 am

KEY POINTS

Bloom loan gives the customers quick financing solutions for their expansion, working capital, and operational needs. It is tailor-made for Safaricom Lipa Na M-Pesa merchants, making it easy to access fast and convenient credit for their businesses for up to 200,000 shillings.

KEY TAKEAWAYS

Asante Financial Services Group has made Bloom Loan easy to access with effortless payback. The thought behind the unsecured loan is to make it highly convenient for the smooth running of your business without the time-consuming processes and lengthy paperwork to acquire funding to grow your business.

As the world embraces new technologies and businesses find new ways to scale and grow, Asante Financial Services Group is working to be an integral part of that journey.

The Group has been working together with Micro and Small enterprises since 2018 to help them meet their potential by providing them with innovative financial solutions and exceptional customer experience that are targeted toward seeing them excel in the industries they serve.

This is why they introduced the Bloom Loan by Asante, a product that enables customers to access the financial help quickly they need to achieve their business goals.

What is Bloom Loan By Asante?

Bloom Loan is a simple solution to meet the merchant’s immediate capital needs since every business deserves the opportunity to expand.

This product gives the customers quick financing solutions for their expansion, working capital, and operational needs. It is tailor-made for Safaricom Lipa Na M-Pesa merchants, making it easy to access fast and convenient credit for their businesses for up to 200,000 shillings.

Who is Eligible For the Bloom Loan Product?

Bloom Loan is ready to partner with every business that has an active Lipa Na M-Pesa till merchant that has been in operation consistently for at least 3 months.

All you need to do is make a quick registration through your merchant device by dialing *310# to opt-in, and you can begin to access credit.

How Does Bloom Loan By Asante Work?

Once you have opted in through *310#, your limit will be shared, and you can apply for your loan based on that.

You will get your funding shortly after your request through your merchant account.

Bloom Loan scores each business differently and has customized loan limits for each company. Loan limits are scored based on your till transactional history, credit history, and relationship with Lipa Na M-PESA.

It’s also worthy to note that Bloom Loan allocates loan limits to each store you registered individually. This makes it possible for one customer to have different credit limits under different stores and access the loans separately.

Repayment is just as easy. It can be done in full or in partial installments depending on the loan tenures allowing you the flexibility to choose among the following for your business needs, including:

21 Day Loan @7.6%
7 Day Loan @2.6%
1 Day Loan @0.4%

The earlier you pay, the more the loan limit increases.

Asante Financial Services Group has made Bloom Loan easy to access with effortless payback. The thought behind the unsecured loan is to make it highly convenient for the smooth running of your business without the time-consuming processes and lengthy paperwork to acquire funding to grow your business.

Bloom Loan is all for growth and inclusion. Let your business bloom with Asante Financial Services Group.