Kray Microfinance

About Kray Microfinance

Kray Holding is a microfinance institution in Uganda offering fast loans straight to your mobile phone.

How Kray Microfinance works
For you to be able to request a loan in Kray, you must be onboarded by our field officer or be physically registered in our system.
The customer downloads our mobile app, and we call to ascertain their need and whether they fit into our service profile.

If they do we send an appraisal officer who does the appraisal and thereafter we approve and disburse.

Loan Amount 50000 - 5000000Ugx
Loan period 61days -12 months
Loan Limit 5000000.

Charges
Loan Application fee 30,000Ugx.
Loan Processing fees - 7% deductible on disbursement.

For a normal loan of 1,000,000
>Application fee = 30000
>Processing fee = 70000
>Loan installment for 6 months = 54166
>Maximum APR =120%.

Eligibility
1. Must be a resident of Uganda
2. Must be 18 -55 Years of age.
3. Must have a source of income.
4. Must have a verifiable cash flow