Financial Access. Anytime, anywhere.
Branch Microfinance Bank offers loans from Ksh 250 to Ksh 70,000. Loan terms range from 4 – 68 weeks. Interest ranges from 10% – 27% with an equivalent monthly interest of 1% – 14%, depending on your loan option.
There are no late or rollover fees and no collateral necessary. Interest rates are determined by a number of factors, including your repayment history and the cost of lending for Branch. Standard SMS and data charges by your mobile carrier may apply.
Applying machine learning, Branch Microfinance Bank has created an algorithmic approach to determine credit worthiness via customers’ smartphones. While this tech-forward approach requires transparency and trust, it also enables a fair, secure and convenient path for customers to build capital and save for the future.