List of LOLC Kenya Microfinance Bank Products and Branches

LOLC Kenya Microfinance Bank, formerly Key Microfinance Bank, is one of the 14 licensed deposit-taking microfinance institutions in Kenya. Operating since 2010, LOLC is committed to providing financial services to individuals, businesses, and groups. Below are the bank’s products and branch details:

LOLC Microfinance Bank Products

a) Loan Products

1. Asset Finance Loan
   • For motor vehicles, land, and other assets.
   • Amount: Ksh 50,000–5,000,000
   • Interest: 24% p.a. (Flat Rate)
   • Processing Fee: 3% of the loan amount
   • Eligibility: Active bank account for six months, at least one year of business experience.
2. Personal Loan
   • Targeted at regular income earners (salaried or rental income).
   • Amount: Ksh 50,000–1,000,000
   • Repayment: Up to 24 months
   • Eligibility: Active bank account for six months, salaried clients must have completed probation.
3. Working Capital Loan
   • Short-Term, Mid-Term, and Overdraft Facilities
   • Amount: Ksh 50,000–3,000,000
   • Interest: 24% p.a. (Flat Rate)
   • Eligibility: Active bank account for six months, proof of income, one year of business experience.

b) Savings Products

1. Taratibu Savings Account
   • Basic savings account.
   • Opening Balance: Ksh 500
   • Minimum Balance: Ksh 500
2. Lil’ Angel Junior Savings Account
   • Designed for children under 18 years.
   • Opening Balance: Ksh 1,000
   • Interest Rate: 5% p.a.
3. Jipange Budget Savings Account
   • Helps in planning for specific events like weddings, school fees, etc.
   • Opening Balance: Ksh 5,000
4. Fixed Deposit Account
   • For lump-sum savings with interest.
   • Minimum Deposit: Ksh 25,000
   • Term: 1–12 months
5. Current Account
   • For personal and business clients.
   • Opening Balance: Ksh 2,000 (Personal), Ksh 5,000 (Business)
   • Monthly Ledger Fee: Ksh 385

List of LOLC Kenya Microfinance Bank Branches

1. Head Office

• Location: Westpark Towers, Mpesi Lane, off Muthithi Road, Nairobi
• Contact: 0733 553 555

2. Duruma Branch

• Location: TB Plaza, 2nd Floor, Duruma Road, Nyamakima
• Phone: 0757 629 781

3. Kayole Branch

• Location: Topaz Driving School Building, Kayole
• Phone: 0750 207 375

4. Maua Branch

• Location: Laichena House, Meru-Kimongoro Road
• Phone: 0737 554 557

5. Meru Branch

• Location: Tom Mboya Street, opposite G4S, Meru
• Phone: 0737 553 555

Marketing Units

1. Kiambu Road Marketing Unit
   • Location: First Floor, Ciata City Mall, along Kiambu Road
   • Phone: 0788 289 913
2. Ngong Road Marketing Unit
   • Location: First Floor, Ngong Road Business Center, along Ngong Road
   • Phone: 0788 585 563

For additional details or inquiries, visit the nearest branch or contact LOLC Microfinance Bank customer care.