How To Access A Business Loan Of Up To Ksh 200,000 From Bloom Loan By Asante

Kenya thrives on the wheels of Micro, Small, and Medium Enterprises (MSMEs). The MSME sector employs over 86 percent of Kenya’s population and contributes about 45.5 percent of Kenya’s GDP. This in itself could classify it as the backbone of Kenya’s economy.

Despite this, the MSME sector faces a myriad of challenges including inadequate access to credit. In most cases, MSMEs find it difficult to secure credit from commercial banks due to the endless paperwork and requirements.

With a little help from Asante Financial Services, an MSME can get access to  200,000 shillings as long as they are a Lipa Na Mpesa merchant (Buy Goods)? With the current economy, this cash is enough to boost your business and put it in a position to deliver the needed supply and keep your customers happy

The Bloom Loan from Asante Financial Services Group is a simple solution created to meet the merchant’s immediate capital needs. Every business deserves the opportunity to better serve their customers’ needs and the Bloom Loan helps them do that. Bloom Loan is tailor-made for Safaricom Lipa Na M-Pesa merchants.

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

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

It is important to note that 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 you to have different credit limits under different stores and access the loans separately.

Repayment 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.

For more information on Bloom Loan, click https://asantefinancegroup.com/bloom/

There are four steps for you to opt-in:

• Dial *310#
• Enter your Ho/Store Number.
• Select option 3 to register then option 1 for Term Loan.
• Go ahead and select Bloom by Asante Finance.
• Start your journey with us today!

Give it a try and uplift your business.

Related Content: Asante Financial Services Group, An African Sunrise Fintech Advancing MSMEs Access to Credit