LOLC Kenya Microfinance Bank, formerly known as Key Microfinance Bank, is one of the licensed microfinance institutions in Kenya, offering a wide range of banking products and services. Established in 2010, the bank provides financial solutions designed to cater to the diverse needs of individuals and businesses across Kenya. The bank is committed to offering affordable and accessible financial services, with a focus on supporting the growth of medium-scale businesses and helping individuals manage their finances.
With a network of branches and marketing units across the country, LOLC Kenya offers various loan products, savings accounts, and other financial services to cater to both personal and business needs. Below is an overview of the bank’s products and services, as well as the locations of its branches and marketing units.
LOLC Kenya Microfinance Bank Products
Loan Products
- Asset Finance Loan
This loan targets growing medium-scale businesses, offering asset financing for vehicles, land, and other assets.
Amount: Ksh 50,000 – 5,000,000
Eligibility: Minimum 6 months of operating a bank account, business clients with at least 1-year experience.
Repayment: Monthly payments with 24% p.a. on flat rate. - Personal Loan
Designed for regular income earners such as salaried employees and rental income earners.
Amount: Ksh 50,000 – 1,000,000
Eligibility: Minimum 6 months of operating a bank account, salaried clients must have completed the probation period.
Repayment: Maximum of 24 months with 24% p.a. on flat rate. - Working Capital Loan
This product comes in three categories: short-term, medium-term, and overdraft facilities for businesses.
Amount: Ksh 50,000 – 3,000,000
Eligibility: Kenyan citizens aged 18 and above, businesses with at least 1-year experience.
Repayment: Monthly installments or capital bullet payments depending on cash flow.
Savings Products
- Taratibu Savings Account
A general savings account for accumulating funds with flexible withdrawal options.
Opening Balance: Ksh 500
Minimum Balance: Ksh 500
Charges: Applicable for over-the-counter withdrawals. - Lil’ Angel – Junior Savings Account
For children below 18 years, operated by a parent or guardian.
Opening Balance: Ksh 1,000
Minimum Balance: Ksh 1,000
Interest Rate: 5% p.a.
Features: One free withdrawal per quarter. - Jipange – Budget Savings Account
Designed for saving towards specific goals like weddings, holidays, or school fees.
Opening Balance: Ksh 5,000
Minimum Balance: Ksh 1,000
Charges: Applicable for over-the-counter withdrawals. - Fixed Deposit
For long-term savings with higher returns.
Minimum Amount: Ksh 25,000
Deposit Period: 1, 3, 6, 9, and 12 months - Current Account
Suitable for businesses and individuals with no minimum operating balance requirement.
Minimum Opening Balance: Ksh 2,000 (Personal), Ksh 5,000 (Business)
Charges: Ksh 385 monthly ledger fee, Ksh 72 mobile banking fee.
List of LOLC Kenya Microfinance Bank Branches
- LOLC Microfinance Bank Head Office
Location: Westpark Towers, Mpesi Lane off Muthithi Road, Nairobi
Contact: 0733 553 555 - Duruma Branch
Location: TB Plaza 2nd Floor, Duruma Road, Nyamakima
Phone: 0757 629 781 - Kayole Branch
Location: Topaz Driving School building, Kayole
Phone: 0750 207 375 - Maua Branch
Location: Laichena House, Meru-Kimongoro Rd
Phone: 0737 554 557 - Meru Branch
Location: Tom Mboya Street opposite G4S, Meru
Phone: 0737 553 555
Marketing Units
- Kiambu Road Marketing Unit
Location: First Floor, Ciata City Mall, along Kiambu Road
Phone: 0788 289 913 - Ngong Road Marketing Unit
Location: First Floor, Ngong Road Business Center, along Ngong Road
Phone: 0788 585 563
