LendRate offers SME business loans and LPO (Local Purchase Order) financing for Kenyan businesses. You can apply for working capital to grow operations or use a confirmed purchase order as the basis for your loan.
You'll need a registered Kenyan business with a KRA PIN, basic business documentation, and either a purchase order from a buyer or a clear working capital need. Our team will guide you through the full requirements during sign-up.
Once your request is submitted and matched with a lender, funding typically takes 5 business days. The full process from sign-up to funding can be completed in as little as 5 days.
LendRate's model is based on purchase order and LPO financing rather than traditional collateral. This means your confirmed orders not your assets are the basis for funding.
LendRate's rates are competitive with and in many cases significantly lower than traditional bank rates for SME lending in Kenya. Exact rates depend on loan size, term, and borrower profile.
Lenders on LendRate earn 10% per annum on funded SME loans. Returns are paid as borrowers make repayments on their purchase orders.
Every loan on LendRate is backed by a verified purchase order, which means your lending is tied to a real, confirmed business transaction rather than an unsecured promise.
The minimum lending amount on LendRate is Ksh 20,000. You can diversify across multiple borrowers to spread your risk. [Add real minimum]
Add CBK licensing status, regulated entity details, or applicable regulatory framework here. This is a critical trust signal for both borrowers and lenders.
