FIRST CAPITAL LIMITED
Scope of the product
Following market research we believe the matatu sector is largely untapped by financial institutions for small loans to bridge the often unexpected financial requirements they come across.
Our proposed product seeks to give loans to matatu owners under the banner of Okolea Mathree. The intention of this is to assist matatu owners borrow money quickly with the vehicle serving as the security of the loan. The loans will range between KES. 50, 000 – KES. 300, 000 for a period not exceeding 6 months.
The loans should be primarily used for the following:
- Mechanical repairs
- Body work
- Replacement of tyres