Below are products offered by Caritas Microfinance bank and branch contacts:

Caritas Microfinance Bank Contacts

Reach us out Anytime

Get Support for any Queries or Complaints

HEAD OFFICE

Cardinal Otunga Plaza Annex,
Ground Floor, Cardinal Otunga Street

WORK HOURS

Mon – Fri: 8.00am to 4.30pm
Saturdays: 8:00am to 12:00pm

CUSTOMER EXPERIENCE

020 5151500
+254 729 986 331 / +254 791 810 810

customerexperience@caritas-mfb.co.ke

FOR GENERAL ENQUIRIES

info@caritas-mfb.co.ke

Caritas Microfinance Bank Branches and Contacts

HEAD OFFICE

Cardinal Otunga Plaza Annex, Ground Floor, Cardinal Otunga Street

WORK HOURS

Mon – Fri: 8.00am to 4.30pm
Saturdays: 8:00am to 12:00pm

FRONT DESK

020 5151500
+254 729 986 331

EMAIL US

info@caritas-mfb.co.ke

Cardinal Otunga Branch

Mon – Fri: 8:00am to 4:30pm Sat: 8:00am to 12:00pm

Kawangware Branch.

    Donholm Branch.

    Karuri Branch.

    Thika Branch.

    Karen Marketing Office.

Caritas Microfinance Bank Accounts

Salary Account

Features

• No ledger fees
• No Minimum operating balance
• Secure place to save
• No ledger fees
• Access to salary advance loans
• Easy account opening requirements
• Flexible – can deposit and withdraw any time.
• Fast service • Standing orders available.
• Longer service hours through ATMs and Mobile Banking

Requirements

• Dully filled a/c opening forms.
• Identification documentation (Original and Copies of ID and PIN certificates.)

Mchungaji Account

Target Customer & Purpose

Targeted at Catholic and non- Catholic clergy.

• Open for clergy
• No monthly/transaction charges
• No minimum account balances

Forex Account

This is a transactional account targeted at employed customers whose salaries are processed by Caritas Microfinance Bank.

Features

• No ledger fees
• No Minimum operating balance
• Secure place to save
• No ledger fees
• Access to salary advance loans
• Easy account opening requirements
• Flexible – can deposit and withdraw any time.
• Fast service • Standing orders available.
• Longer service hours through ATMs and Mobile Banking

Imarisha Junior Account

For parents and guardians wishing to save towards a child-oriented goal e.g., school fees, birthday treats among others.

• Parents
• Guardians

Features

• Ages: 3-17yeras
• Minimum operating balance of Kes. 1,000
• Limited withdrawals upto four (4) times a year
• Attractive interest rates.
• Free bankers’ cheque on quarterly basis
• Free standing order to fund the account from ordinary savings (transactional) account
• Free Dovie Bank
• Free education policy
• Access to mobile loans up to 80% of deposit amount

Group Link Savings Account

This is a transactional account targeted at employed customers whose salaries are processed by Caritas Microfinance Bank.

Features

• No ledger fees
• No Minimum operating balance
• Secure place to save
• No ledger fees
• Access to salary advance loans
• Easy account opening requirements
• Flexible – can deposit and withdraw any time.
• Fast service • Standing orders available.
• Longer service hours through ATMs and Mobile Banking

Requirements

• Dully filled a/c opening forms.
• Identification documentation (Original and Copies of ID and PIN certificates.)

Maono Savings Account

This is a Savings plan account targeted at customers Saving towards a defined goal.

Ideal for regular saving on a weekly or monthly basis for projects, benevolence, school fees, holiday, pilgrimage, etc.

• Individuals
• Joint Account holders
• Groups/Chamas

Features

• 52 week’s savings model
• No operating charges
• No deposit charges.
• Interest payable at the anniversary of every year.
• 3 Free withdrawals per year
• Attracts interest per year
• Standing orders applicable

Salary Account

Features

• No ledger fees
• No Minimum operating balance
• Secure place to save
• No ledger fees
• Access to salary advance loans
• Easy account opening requirements
• Flexible – can deposit and withdraw any time.
• Fast service • Standing orders available.
• Longer service hours through ATMs and Mobile Banking

Requirements

• Dully filled a/c opening forms.
• Identification documentation (Original and Copies of ID and PIN certificates.)

Nawiri Account

This is a transactional savings accounts targeted at individuals who require easy access to their account.

• Individuals
• Business Owners
• Institutions/Corporates

Features

• No minimum operating balance
• No ledger fees
• Unlimited withdrawals/Deposits
• Debit Card
• Mobile banking
• Internet banking
• Cheque book
• Access to mobile loan

Baraka Current Account

This is a current account targeted at Registered businesses.

• Business owners
• Individuals
• Corporates / Institutions

Features

• Easy to access balances
• No account operating charges
• Operates with a cheque book
• Charged Kes. 33 per transaction for the first 20
• Access overdrafts
• Debit Card
• Mobile banking
• Internet
• Access to temporary overdraft

Kilimo Account

Targeted towards micro & small-scale players along the agribusiness value chain.

• Zero opening and operating balance
• Debit card
• Mobile banking

Chama Account

The account is targeted towards CBOs, and SHGs who are not in the catholic ecosystem.

• Self Help Groups/Chamas not affiliated to Catholic Church

Features

• Access to overdrafts and loans
• Minimum balance of Kes 2,500
• No leger fees.
• Access to Mobile and Internet banking
• Standing orders available

Church Account

Targeted at religious institutions, parishes and congregations.

• Churches
• Religious congregations

Features

• No ledger Fees.
• No transaction charges
• Access to internet and mobile banking.
• Cheque book on request
• Access to internet and mobile banking
• Dedicated relationship manager

Opening requirements

• Completed new account application form
• Identification documentation
• Copies of PIN Certificates (individual and institutional)
• Registration Certificates
• Resolution to open the account

Caritas Microfinance Bank Loans

Below is a list of loans offered by Caritas Microfinance Bank:

Salary Checkoff loan

The segment targets both government and private employees. For government, we have ministries (civil servants) parastatals and other selected companies.

Features

• Flexible repayment arrangements max period 96 months financing Max KSH 4M.
• Able to buy off the loan from other institution.
• Ability to repay and the 1/3 rule on the employee’s pay slip must apply.

Benefits

• Competitive interest rates
• Quick turn around time
• No penalty for early repayment

Requirements

• Open a Caritas MFB transactional Account.
• Original and Copy of National ID/Passport
• A dully filled loan application form.
• 3 months certified pay slip.
• 3 months certified salary statement.

Salary Finance loan

•  A loan facility is available for salaried employees with or without MOU to
• Allows employees realize their plans by providing flexible repayments for education, purchase of assets, financing startup businesses and other legally productive ventures

Features

• Maximum Unsecured: Kshs. 1,500,000 or the amount specified in the MOU.
• Unsecured – Up to 60 Months or as specified in the contract or within the contract period (whichever is lower),
• Secured- up to 96 months.
• Ability to repay and the 1/3 rule on the employee’s pay slip must apply.

Benefits

• Competitive interest rates
• Quick turn around time
• No penalty for early repayment

Requirements

• Open a Caritas MFB transactional Account.
• Original and Copy of National ID/Passport
• A dully filled loan application form
• 3 months certified payslip
• 6 months certified salary statement
• Employment letter

Asset Finance loan

• The facility is aimed at addressing asset acquisition needs of the business.
• These include both commercial and personal use motor vehicles, construction equipment and heavy duty plant machinery.

Benefits

Motor vehicles

• Financing upto 70% for used vehicles below eight (8) years
• Upto 90% financing for zero mileage vehicles
•  Financing up to 100% for school buses

Benefits

Machinery

• Upto 70% financing

Features

• Affordable interest rates
• Approvals within 48hrs
• Wide range of acceptable vehicle models

Requirements

• Open Caritas MFB account
• National ID/Valid Passport
• KRA PIN Certificate
• Duly filled loan application form
• Six (6) months bank statement
• Proforma invoice/ Executed sale agreement
• Valuation report

Plot Purchase & Construction loans

This is a facility that targets customers seeking to acquire both developed and undeveloped landed properties.

Features

Upto 70% financing

Benefits

• Affordable interest rates
• Extended repayment plan

Requirements

• Open Caritas MFB account
• National ID/Valid Passport
• KRA PIN Certificate
• Duly filled loan application form
• Six (6) months bank statement
• Executed sale agreement.

Construction Loans

• Project BQs
• Approved plans

Jitegemee Business Loan

This is a facility aimed at financing working capital needs for newly established businesses with an annual turnover of less than Kes. 1.5million.

The loan addresses short-term working capital needs such as stock, raw materials, refurbishment of business premises and operational expenses

Features

• Loan amounts of between Kes. 50,000-Kes. 500,000
• Repayment up to 24 months

Benefits

• Affordable interest rates
• Flexible securities

Requirements

• Open a Caritas MFB transactional account
• National ID/Valid Passport
• KRA PIN certificate
• Duly filed loan application form
• Records of the business
• Six (6) months Bank statement and/or Mpesa Statement

Rent Milele Loan

This facility targets customers who are in real estate, whose source of income is rental based. The facility addresses renovation and construction needs.

Features

• Loan amounts from Kes. 50,000 – Kes. 20 million
• Upto 60months repayment period

Benefits

• Flexible securities
• Affordable interest rates

Requirements

• Open Caritas MFB account
• National ID/Valid Passport
• KRA PIN Certificate
• Duly filled loan application form
• Six (6) months bank statement
• Ownership documents i.e., title deed, lease agreement
• Rent collection schedule.