Small and medium enterprises (SMEs) remain the backbone of Kenya’s economy, yet access to affordable and timely working capital continues to be one of the biggest hurdles facing traders, retailers, distributors, and stockists across the country.
In response to this challenge, NCBA Bank introduced NCBA Boosta, a digital credit facility designed to provide fast, flexible, and unsecured working capital financing of up to Sh35 million for eligible businesses.
The facility targets approved distributors, retailers, and stockists who work with recognised main suppliers, offering a simplified path to credit without the traditional hurdles that often discourage many SMEs from seeking formal financing.
Unlike conventional borrowing models that require lengthy paperwork and physical visits to bank branches, Boosta leverages technology to streamline the borrowing process.
Customers can access the facility via the NCBA Boosta App or through the web platform, allowing qualifying borrowers to apply and receive financing conveniently.
The product is structured to support businesses that need consistent cash flow for stock replenishment, expansion, and day-to-day operational expenses.
Key Features and Benefits
NCBA Boosta stands out in the market due to its flexible structure and accessibility.
Most notably, it is an unsecured facility, meaning borrowers do not need to provide collateral such as land, vehicles, or other assets. This eliminates one of the biggest barriers that often locks many SMEs out of credit opportunities.
The facility offers a wide borrowing range, with a minimum loan limit of Sh1,000, allowing even smaller traders to benefit, while scaling up to a maximum of Sh35 million for larger distributors and established stockists.
Who Qualifies?
NCBA Boosta is available to SMEs that have demonstrated consistency in business operations. To qualify, applicants must meet a few key requirements.
One of the primary conditions is that a business must have been actively trading with an approved main supplier (anchor) for at least six months.
In addition, applicants are required to hold an open NCBA Bank account, ensuring seamless processing and disbursement of funds.
Approval from the anchor supplier is also required, as it helps in assessing business performance through existing trade relationships.
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