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
[wd-phone-light] Phone: 020 5151500 / 0729 986 331Mon – 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.
