To qualify for the Family Bank Vijanaa Boost, one must be Kenyan, aged 18 - 35 years and an account holder with Family Bank. The Loan is available to both male and female whether as individuals or groups.

Loan amounts from Shs 10,000 to Kshs 1,000,000 are available.

interest  rates are as low as  8%  with flexible security requirements. The Payments are  insured in case of death or permanent disability.

Over 7,000 youth have been trained and we will be having more training opportunities later, so visit your nearest Family Bank branch for more details.

• Non-account holders need to open The Mwananchi Account
  • Existing account holders do not need to open another account
• Must have run the business for at least 3 months
• Must demonstrate ability to pay back the loan
  
• Individuals must be 18 – 35 years old; for groups, SACCOs & Companies, 70% of the group members must fall within this age bracket and 100% of the group leadership must be within the age bracket
• Must be willing to attend training

Mode of payment:

Monthly

Security: 

Household items and equipments{chattels}

Joint guarantee

Supported guarantee from parents or guardians

Tripartite agreement between the FBL, borrower & procuring entity

Period of payment:

12 months for working capital

12 months for expenditure

Low interest rate:

 8%

Insurance: 

To cover loan incase of death & permanent disability