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Getting access to fast, flexible and reliable financing is essential for individuals and small businesses. If you’re looking for a trusted lender, understanding how to get a microfinance loan in Kenya—especially from a reputable institution like Progressive Credit—can help you secure funding quickly and affordably.
Progressive Credit is one of Kenya’s leading microfinance providers, known for its quick approvals, transparent fees, flexible repayment terms, and nationwide branch network. This guide explains exactly how to apply, qualify, and get your loan approved fast.
A microfinance loan in Kenya is a small to medium-sized loan designed for individuals, SMEs, farmers, and workers in the informal sector. Unlike traditional bank loans, microfinance loans offer:
Faster approval
Simple requirements
Lower collateral thresholds
Friendly customer service
Tailored loan products for everyday needs
Progressive Credit provides multiple microfinance loan products for both businesses and individuals.
Below are the exact steps to follow when applying for a microfinance loan at Progressive Credit.
Progressive Credit offers a wide range of loan products to suit different needs, including:
Ideal for entrepreneurs looking to boost stock, expand operations, or pay suppliers.
Perfect for businesses supplying government or corporate entities.
Use your vehicle as collateral and get cash within 24 hours.
For teachers, police, civil servants, and county employees.
Fast cash for unexpected expenses.
For farmers needing financing for inputs, equipment, or livestock.
Knowing which product matches your needs speeds up the approval process.
The general eligibility requirements include:
Valid national ID
KRA PIN
Passport photo
6 months M-Pesa or bank statements
Proof of income (salary or business sales)
Proof of residence
Depending on the loan type, additional requirements may apply.
Examples:
Logbook Loans → vehicle logbook, valuation
LPO Financing → LPO/LSO documents
Salary Loans → employment letter, payslips
Business Loans → business permit, shop photos, stock proof
Gather the documents before applying to avoid delays:
National ID
KRA PIN
Colour passport photo
Mpesa/bank statements
Payslips (for salary loans)
Logbook (for secured loans)
Document completeness is one of the top factors that influence quick loan approval.
You can apply using any of these methods:
Fill out the loan application form and upload documents.
Branches are located in Nairobi CBD, Nanyuki, Meru, Machakos, Nakuru, Eldoret, Thika Road, Kawangware, Narok, etc.
A credit officer will guide you step-by-step when you call 0700600900
This multi-channel system ensures fast response and convenience for all customers.
Once you apply:
A Progressive Credit loan officer reviews your documents
Your income or business is evaluated
Collateral is verified (if required)
Your loan limit is determined
Progressive Credit is known for fast approvals, often within 24 hours, especially for logbook loans and emergency loans.
Before signing:
Review interest rates
Confirm repayment period
Understand penalties
Verify there are no hidden charges
Progressive Credit prides itself on a transparent lending process, ensuring you know all costs upfront.
After signing, Progressive Credit disburses your funds via:
M-Pesa
Bank transfer
Cheque (for large amounts)
In most cases, money is deposited the same day.
SME loans Kenya, logbook loans Kenya, emergency loans Kenya.
Progressive Credit offers tailored microfinance solutions for SMEs, salaried workers, farmers, and emergency needs. Products include SME loans, logbook loans, agribusiness loans, and school fees loans.
Fast approval (as quick as 24 hours)
Friendly and helpful customer service
Flexible repayment terms
Affordable interest rates
Simple documentation
Network of branches across Kenya
Transparent loan terms
Keep your M-Pesa or bank statements clean
Avoid unpaid digital loans
Provide accurate personal information
Apply during working hours
Choose the right loan product
👉 Explore all Progressive Credit loan products: /progressive-credit-loan-products/
👉 Learn more about microfinance regulations from the Central Bank of Kenya: https://www.centralbank.go.ke
Getting a microfinance loan in Kenya is simple when you follow the right steps and work with a trusted lender like Progressive Credit. With their fast approval process, flexible terms, and multiple loan products, you can easily access the financing you need for your business, emergencies, or personal goals.
Whether you are a business owner, farmer, salaried employee, or self-employed, Progressive Credit has a loan solution designed to help you progress.
If you have any feedback or complaint, please talk to us on:
Customer Care: 0704448755
Email: cs@progressivecr.com
Whatsapp: 0700600900
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