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MSME Working Capital Plus

Product terms, pricing, eligibility, disbursement, repayment, documentation, and immutable version audit.

MSME-WC-PLUS / v3.1

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Product header

active

Code

MSME-WC-PLUS

Class

MSME

Status

active

Version

v3.1

Name: MSME Working Capital Plus
Owner: MSME credit products
Approval route: Credit committee
Term sheet: CBK/TS/MSME-WC-PLUS/2026-03

Pricing config

reducing

Nominal rate

21.00%

APR

13.32%

EIR

27.36%

TCC

Ksh 159,877

19.98%

Rate bands by risk tier

Risk tier	Score range	Nominal rate %	CBK cap check
A	760+	17.50%	within
B	700-759	21.00%	within
C	640-699	25.50%	watch
D	600-639	31.00%	hold

APR/TCC disclosure

Representative amount: Ksh 800,000
Representative tenor: 18 months
Total fees: Ksh 20,350
Total repayable: Ksh 959,877
Flat-to-EIR conversion: 27.36%

Fee schedule

Fee	Basis	Value	Timing	Disclosure
Facility fee	percent	2.50%	origination	Capped and disclosed before acceptance.
CRB validation	fixed	Ksh 350	origination	Third-party bureau validation pass-through.

Eligibility rules

Min/max age: 23 - 68
Employment-status: Registered business owner or director
CRB-score-minimum: 620
Daftari-depth-minimum: Six months till, bank, or invoice flow
Chama-standing: No adverse group guarantee exposure
Geographic-restrictions: Kenya counties with active agent verification coverage

Disbursement config

Channel: Agent-assisted onboarding
M-Pesa B2C vs bank transfer: M-Pesa B2C + bank transfer
Same-day vs next-day: next-day
Settlement-bank: NCBA Bank Kenya - Situ MSME settlement 014

Repayment config

Method: annuity
Day-count convention: Actual/365
Grace-period: 5 days
Early-settlement-fee %: 1.00%

Documentation checklist

6 required docs

National IDKRA PINBusiness permitBank statementsTill statementBoard resolution where applicable

Version history

immutable audit log

Version	Effective date	Change notes	Approved by
v3.1	2026-03-21	Added cap on facility fee and refreshed tier C affordability guardrail.	Credit committee
v3.0	2025-12-01	Introduced agent verification and daftari-depth score.	Product governance board
v2.2	2025-06-18	Raised maximum ticket to KES 5M for cash-flow verified borrowers.	Credit committee