Monthly payments of the device should not exceed 25% of the applicant's monthly income.
Financial statements are crucial for verifying the information provided by the applicant. A 3–6-month M-Pesa or bank statement helps us assess the applicant's repayment ability, making the approval process smoother. Applicants are encouraged to submit the most recent and accurate financial statements for quicker and easier approval.
Applicants who are self-employed or work as consultants must provide detailed information on how they intend to make their monthly payments. If they own a business, they should include the business name, the duration of operation, location and other relevant business details. Consultants should mention some of the companies they provide services for.
If the device payments will be covered by a parent or sponsor, applicants should include the sponsor's details, including their employment information and contact details. The parent or sponsor should be aware that they will be covering the payments.
Employed individuals should provide comprehensive details about their workplace, their position, their role and how long they have worked there.
Applications for devices costing more than KSH 100,000 will undergo a more stringent approval process due to the increased risk. Applicants are encouraged to select devices that they can comfortably afford to pay off.
Only applicants with Kenyan Nationality will be eligible for the program.