About Kigali MicroLoans
Kigali Microloans Ltd. (KML) is a forward-thinking financial institution dedicated to empowering individuals with quick and affordable loan solutions tailored to their unique needs. With a mission to assist clients in accessing faster and cheaper loans through modern digital tools, we emphasize customer-centricity, innovation, timeliness, and agility in all our operations.
Our flagship product, the Umurabyo Loan, is designed to provide short-term financial relief, ensuring clients can address emergencies with ease. Guided by a commitment to excellence, KML upholds transparency and quality service to make financial empowerment accessible to all eligible Rwandans.
At Kigali MicroLoans, we aim to empower individuals in Rwanda by providing fast, accessible, and hassle-free personal loans. We understand that life can throw unexpected challenges your way, and sometimes you need quick financial support to handle those emergencies. Whether it's medical expenses, school fees, or any other urgent needs, we're here to help.
Our Vision
To become the best national lending institution through providing innovative agile financial solutions.
Our Mission
To assist our clients securing cheaper and faster loans through modern digital tools and technologies.
Our Values
- Customer Oriented: We prioritize our clients' needs, aiming to provide tailored solutions and exceptional service at all times.
- Innovation: We embrace creativity and continuously seek innovative ways to improve our services and offer new solutions.
- Timeliness: We understand the urgency of financial support, ensuring that our clients receive timely assistance when they need it most.
- Agility: We remain flexible and responsive to changing circumstances, adapting quickly to meet our clients' evolving needs.
Eligibility for Umurabyo Loan
Umurabyo Loan is available to individuals who are formally employed in the public or private sector. We do not provide loans to companies or legal institutions, focusing instead on individuals needing fast financial assistance.
Application and Approval Procedures
- Fill this online application form or send your application to Kigali Microloans email.
- Submit required documents: National ID, employment contract, and recent bank statements for the recent 3 months.
- Your application will be reviewed to confirm the proposed loan amount.
- The approved amount is shared with the client; upon agreement, the contract is signed by both parties.
- Funds are disbursed via cash, mobile money, or bank deposit.
Loan Recovery Process
Our loan recovery process includes reminders via SMS and calls. Clients have 5 days from the due date to make their payment without penalties. After this, penalties apply, and recovery may involve the employer and legal follow-up if needed.
Interest Rate
The Umurabyo Loan is available with only a small interest, ensuring affordability and transparency without additional fees or charges.