Below are important details about SMEP Microfinance Bank,loans,accounts and contacts:

Smep Microfinance Branches and contacts

Banking Branches

• • Name: Mombasa Branch
  • Email: mombasa@smep.co.ke
  • Building: Pan African Building, along Moi Avenue
  • Name: Mwea Branch
  • Email: mwea@smep.co.ke
  • Building: Serene Building along Mwea Embu Highway next to Eastmatt Supermarket
  • Name: Nairobi Central
  • Email: tumaini@smep.co.ke
  • Building: Tumaini House ground floor
  • Name: Nakuru Branch
  • Email: nakuru@smep.co.ke
  • Building: Ereto Plaza 1st floor along Mburu Gichua Road, above Safaricom Customer Care
  • Name: Ngong Branch
  • Email: ngong@smep.co.ke
  • Building: Ngong Business Arcade, opposite the main Matatu terminus, Ngong Road
  • Name: Mwiki Branch
  • Email: mwiki@smep.co.ke
  • Building: Blessed Limuru House Next to Kassmart Supermarket
  • Name: Eldoret Branch
  • Email: eldoret@smep.co.ke
  • Building: Ambaram house opp Eldoret Technical Training Institute
  • Name: Embu Branch
  • Email: embu@smep.co.ke
  • Building: Mugo Mwenje Building along Kenyatta Avenue
  • Name: Kakamega Branch
  • Email: kakamega@smep.co.ke
  • Building: ACK compound opp Muliro Gardens
  • Name: Kawangware Branch
  • Email: kawangware@smep.co.ke
  • Building: Bora bora Building along Gitanga Road
  • Name: Kilifi Branch
  • Email: kilifi@smep.co.ke
  • Building: Arcade Plaza ground floor along Market Street
  • Name: Kisumu Branch
  • Email: kisumu@smep.co.ke
  • Building: Guilders Plaza Ground floor, Odera Street
  • Name: Kitale Branch
  • Email: kitale@smep.co.ke
  • Building: Mega Mall, Mezzannaine floor along Makasembo Street
  • Name: Kitengela Branch
  • Email: kitengela@smep.co.ke
  • Building: Africa House, next to Safaricom Customer Care
  • Name: Rongai Branch
  • Email: rongai@smep.co.ke
  • Building: Great Wide Mall 2nd Floor along Magadi Road
  • Name: Machakos Branch
  • Email: machakos@smep.co.ke
  • Building: AIC Maisha Mapya House, along Ngei Road
  • Name: Maua Branch
  • Email: maua@smep.co.ke
  • Building: MCK Nyambene Building next to Maua Methodist Hospital
  • Name: Meru Branch
  • Email: meru@smep.co.ke
  • Building: Karaini House along Moi Avenue
  • Name: Nyahururu Branch
  • Email: nyahururu@smep.co.ke
  • Building: Tekelezo Bizz Centre
  • Name: Taveta Branch
  • Email: taveta@smep.co.ke
  • Building: Mrisha House, along Taveta-Holili Road, next to ABSA Bank
  • Name: Thika Branch
  • Email: thika@smep.co.ke
  • Building: Wangu House ground floor along Uhuru Street

Marketing Units

• • Name: Naivasha Branch
  • Email: naivasha@smep.co.ke
  • Building: Touchline Arcade, along Moi Road, ground floor
  • Name: Kaimosi Branch
  • Email: kaimosi@smep.co.ke
  • Building: Jumia Friends’ Hospital Building
  • Name: Malindi Branch
  • Email: malindi@smep.co.ke
  • Building: Malindi Mall, opposite Bus Station, along Mombasa Malindi Highway
  • Name: Kiambu Branch
  • Email: kiambu@smep.co.ke
  • Building: Kahawa House Ground floor along Biashara Street
  • Name: Kericho Branch
  • Email: kericho@smep.co.ke
  • Building: ACK compound Kericho town along Nakuru Highway
  • Name: Bungoma Branch
  • Email: bungoma@smep.co.ke
  • Building: Salon Building along Moi Avenue
  • Name: Migori Branch
  • Email: migori@smep.co.ke
  • Building: Bamboo Plaza along Kisii-Isbania Highway
  • Name: Kisii Branch
  • Email: kisii@smep.co.ke
  • Building: Umoja Elimu Center 1st floor
  • Name: Chuka Branch
  • Email: chuka@smep.co.ke
  • Building: Murango Building
  • Name: Molo Branch
  • Email: molo@smep.co.ke
  • Building: Kamusi Plaza
  • Name: Bondo Branch
  • Email: bondo@smep.co.ke
  • Building: Next to port Florence Hospital, Johari Plaza
  • Name: Likoni Branch
  • Email: southcoast@smep.co.ke
  • Building: Kingfisher Building, on the way to Shelly Beach
  • Name: Muranga Branch
  • Email: muranga@smep.co.ke
  • Building: Njoka Building
  • Name: Karatina Branch
  • Email: karatina@smep.co.ke
  • Building: Kimenju House next to Mukurwe-ini Bus stop
  • Name: Ngara Branch
  • Email: ngara@smep.co.ke
  • Building: YTL Tigoni Center, ground floor, Ngara Road
  • Name: Nyeri Branch
  • Email: nyeri@smep.co.ke
  • Building: Ladies Tailoring Building Along Kimathi Street
  • Name: Voi Branch
  • Email: voi@smep.co.ke
  • Building: Potters House Complex ground floor

SMEP 52 Week Challenge

This is a saving program that aims at cultivating a saving culture among Kenyans. The aim is to reach the achievable amounts of, KSHs.34,450, KSHs.68,900 or KSHs. 137,800 by spreading it throughout the year. This makes it easier for you as the saving amount increases gradually.

Starting week 1, deposit your savings on M-PESA starting with Ksh25, then Ksh50 the next week, Ksh75 the week after that and so on and so forth, until the 52nd week where you will save Ksh1,300, and your savings will add up to Ksh34,450. You can also start with Ksh50, then Ksh100 the next week, Ksh150 the week after to add up your savings to Ksh68,900.

We ensure your money is safe and reward you with 7% interest at the end of the challenge.

Features

• Interests of 7% P.A
• Meet-ups and Economic Empowerment Forums.
• Monthly Webinars
• Ability to borrow amount almost equal to Savings
• Mobile Banking to track progress
• Easy depositing using M-PESA
• Your savings are secure since SMEP is regulated by CBK and protected by the Kenya Deposit Insurance Corporation.

How To Join

Method 1

• Open M-PESA Menu
• Select Lipa na M-PESA
• Select Paybill Option
• Enter Business No. 777001
• Account No. Enter 52W followed by Id no. (e.g 52W34178965)
• Enter Amount
• Enter M-PESA Pin
• Ok to complete your request.
• We will create an account for you and share the account number via text.

Method 2

• Dial *635#
• Accept Terms & Conditions
• Self Register
• Pick a tier (Ksh 25, 50, 100)
• Input first name
• Input middle name
• Input last name
• Input ID number
• After validation, it will check out to MPESA
• After the your first deposit, an account will be automatically created for you to continue with your saving plan.

Method 3

• Go to Google Play Store and download the Cash Kash App
• Accept Terms & Conditions
• Self Register
• Pick a tier (Ksh 25, 50, 100)
• Input first name
• Input middle name
• Input last name
• Input ID number
• After validation, it will check out to MPESA
• After the your first deposit, an account will be automatically created for you to continue with your saving plan.

SMEP Accounts

Biashara Current Account

An account for daily personal or business transactions

Hazina Plus Account

An account for Salaried persons

Biashara Current Account

Product Features

• Minimum opening balance.
• Minimum operating balance.
• Monthly account maintenance.

Benefits

• Unlimited withdrawals.
• Mobile banking.
• ATM card on application.
• Cheque book card on application.

Requirements

Individual:

• National Identity or a Valid Passport, (Original & Photocopy).
• KRA pin.
• Current passport photo.

Hazina Plus Account

An account for Salaried persons

Hazina Plus Account

Product Features

• Minimum opening balance.
• Minimum operating balance.
• Monthly account maintenance.

Benefits

• Unlimited withdrawals.
• Mobile banking.
• ATM card on application.
• Cheque book card on application.
• Loans (MOU with Employer)

Msingi Imara Account

This is an account for children under the age of 18 years. It’s a children savings account that ensures a brighter future for your kids.

Product Features

• Minimum opening balance.
• No Minimum operating balance.
• The account is operated by the parent/guardian
• Up to three free withdrawals per year

Benefits

• Free banker’s cheque & Internal standing order.
• No ledger fees, monthly charges.
• One can access education loan against the account.
• Earns an interest of 4% p.a.
• Comes with a piggy bank for the child.

Requirements

• The guardians National Identity or a valid Passport (Original & Photocopy)
• The child’s birth certificate or birth notification (Original & Photocopy)

Nyota Njema Account

This is a lock savings account. The money is availed to you after the expiry of the stated term with accrued interest.

Features

• No maintenance charges
• You can bank at your convenience through M-PESA
• Mobile banking for balance checking only
• Withdrawals done over-the-counter only

Benefits

• Cultivates a saving culture
• Earns an interest of 7% paid annually
• No ledger fees

Requirements

• Original copy of national ID or valid passport
• Copy of pin certificate
• Two colored passport size photos

Fixed Deposit Account

Purpose & target market: Provides a medium for an investment.

Product Features

• Minimum amount 5,000/=
• Minimum period of three (3) month for Fixed deposits

Benefits

• Borrowing against the Fixed deposits allowed
• Competitive interest rates, up to 10% p.a.

Requirements

• National Identity card or Passport (Original & Photocopy)
• KRA PIN
• Duly filled account opening form

Biashara Current Account

An account for daily personal or business transactions

• Biashara Current Account
• Product Features
• Minimum opening balance.
• Minimum operating balance.
• Monthly account maintenance.

Benefits

• Unlimited withdrawals.
• LNM for ease of payments
• Cheque book card on application.

Requirements

• Registration Certificate/Certificate of Incorporation
• National Identity or a Valid Passport for signatories
• VAT & PIN Certificate
• Partnership deed for partnerships
• Article & Memorandum of Association
• Resolution to open an account

Msingi Imara Account

This is an account for children under the age of 18 years. It’s a children savings account that ensures a brighter future for your kids.

Product Features

Minimum opening balance.

No Minimum operating balance.

The account is operated by the parent/guardian

Up to three free withdrawals per year

Benefits

• Free banker’s cheque & Internal standing order.
• No ledger fees, monthly charges.
• One can access education loan against the account.
• Earns an interest of 4% p.a.
• Comes with a piggy bank for the child.

Requirements

• The guardians National Identity or a valid Passport (Original & Photocopy)
• The child’s birth certificate or birth notification (Original & Photocopy)

Mobile banking

Bank at the comfort of your couch, anytime, anywhere with SMEP Mobile banking. Simply dial *635# and enjoy the below:

• Cash Kash Loans
• 52Week Saving Challenge
• Account Enquiries: Mini Statements, full statements, Balance enquiry
• Transact conveniently, you don’t have to visit the bank to make withdrawals, money transfers, bill payments or airtime purchases
• PesaLink
• ATM Card Request
• Chequebook Request

Chariot Account

All Church Institutions in Kenya.

Product Features

• Account opening balance
• No restriction on deposit into the account
• Cheque book

Benefits

• Unlimited withdrawals
• Packaged with church development loans.
• Lipa na MPESA paybill no. for funds collection

Requirements

• Copy of the registration
• Copy of the church constitution
• Copy of ID, PIN and passport size photograph of the signatories
• Minutes of resolution to open the account at SMEP

King Solomon Account

Queen Hadassah Account

King Solomon Account

All men above 18yrs of age

Product Features

• Minimum opening balance
• Minimum operating balance
• No restriction on deposit into the account
• Bank at your convenience (Through M-PESA)
• Mobile banking

Benefits

• Unlimited withdrawals
• Mobile banking
• ATM card on application
• Cheque book card on application.

Queen Hadassah Account

All women above 18yrs of age

Product Features

• Minimum opening balance
• Minimum operating balance
• No restriction on deposit into the account
• Bank at your convenience (Through M-PESA)
• Mobile banking

Benefits

• Unlimited withdrawals
• Mobile banking
• ATM card on application
• Cheque book card on application.

SMEP Microfinance Loans

Chama Loan

Features

• Loan up to 7 times chama’s savings
• Flexible loan repayment period
• Competitive interest rates
• Fast processing
• No penalty for early repayment
• Loan disbursed to the Chama

Requirements

• Chama must have saved for at least three months
• Duly filled loan application form
• Copy of ID/passport & Pin of applicant
• Copy of group registration certificate
• Trustee deed required
• Chama has to be meeting regularly

Consumer Loans

Individuals who want to take up loan facility

Features

• One must show ability to repay loans
• Flexible loan repayment period
• Competitive interest rates
• Fast processing
• No penalty for early repayment
• Loan guaranteed through security or guarantors

Requirements

• Duly filled loan application form
• Copy of ID/passport & Pin of applicant
• Duly filled loan application form
• Security/guarantor

Asset Finance

To enable customers acquire durable assets e.g. motor vehicles & machinery, for business or personal use.

Features

• The asset being financed shall constitute part of the security – joint registration.
• Bank financing of up to 70% of total cost of asset, customer financing the balance
• Flexible loan repayment period
• Competitive interest rates
• Fast processing
• No penalty for early repayment

Requirements

• Copy of ID/passport & KRA Pin
• Duly filled loan application form
• Certified 6month bank statement (non-SMEP customers)
• No negative CRB listing

Working Capital Loan

Target: Groups, individual members in groups, Individual loans to non-group persons and SMEs

Features

• Client needs to be running a business
• Competitive interest rates
• Repayments through M-PESA.
• Grace period of up to 1 month

Requirements

• Duly filled loan application form
• Copy of ID/passport & Pin
• Copy of registration certificate for groups
• Copy of group registration certificate
• Utility bill

Church Loans

 

Church institutions /Clergy/church workers willing to take loan facilities

Features

• Competitive interest rates
• Flexible loan repayment period
• Cheque book
• Option of getting a PayBill number for the church

Requirements

• Duly filled loan application form
• Copy of ID/passport & Pin of signatories/applicant
• Copy of registration certificate
• Resolution to open account