Requirements for Bidii SME loan
- Must be a Kenya Citizen over 18 years old
- Must have operated a business for more than six months
- Business must be in a permanent establishment
- Must have a registered M-PESA line
- Pay a one-time registration fee of 500/-
- Have a good credit history with CRB
- Must demonstrate ability to pay
- Must provide a least two guarantors
- All loans will be disbursed and repaid using M-PESA
Requirements for Bidii Logbook loan
- You must have operated a registered / licensed business for more than 2 years year OR
- You must have been in employment for more than 2 years
- Must be able to show invoices or payslip and employment contract for last 6 months
- The vehicle must be in your name.
- The vehicle must be in a proper working condition
- You must have a clean credit history
- Latest Utility Bill e.g. Rent or Electricity
- Six months bank statement with a cheque book
- Motor Vehicle Valuation
- Motor Vehicle Logbook
- Execution of Chattels
- 2 Passport Photos of the applicant
- Documents to show proof of Comprehensive Motor Vehicle Insurance
- Legal and Valuation Charges
Requirements for Bidii Rental Income loan
- Kenyan over 18 years
- Proof of ownership of the rental units
- Proof of regular rental income
- Have a property agent collecting rent on behalf for the last six months
- Bank / M-PESA statements for last 6-months
- Good CRB report
- Rental units to be within a major urban center where BIDII CREDIT branch is located.
- Be willing to provide collateral such as a motor vehicle or chattels
- Must have two guarantors