Frequently asked questions

How can I get a business loan in Kenya without security?

IMFact offers financing for your SME by buying your portfolio of receivables, otherwise known as factoring. We do not require any forms of security such as collateral or guarantees unlike traditional financing options available in Kenya.

What is factoring?

Factoring is a transaction that provides your company with advance payment for its unpaid invoices. IMFact buys your invoices and provides you with cash upfront so you no longer have to wait 90 — 120 days for your customers to pay. By releasing the cash that is tied up in your unpaid invoices, we give you immediate access to the working capital you need to fuel your business success.

Who is eligible for financing through IMFact?

IMFact’s clients must have a minimum annual turnover of 20 million KSH.

How much funding can I obtain?

IMFact will buy all of your outstanding invoices and pay you the advance rate against these invoices. In principle there is no maximum to the funding you can obtain.

How long does the application process take?

IMFact will execute a Know Your Customer due diligence and realize a credit approval. We aim to finalize this within seven working days.

How can I apply for finance?

You can apply for finance through our online form and one of our friendly staff will get back to you in 24 hours. If you would prefer to speak directly with an account manager please contact +254 725 624 489 or email

Why commercial banks in Kenya are hesitant to lend to SMES?

Commercial Kenyan banks are hesitant to lend to small business due to lack of collateral, credit history, financial statement and banking history.

Why should I choose IMFact?

IMFact is a reliable business backed by developmental organizations and governments. Our main goal is to provide working capital which is easily obtained and affordable. IMFact offers working capital financing that is cheaper and more flexible (no need for personal guarantees and/or collateral) than bank financing.

What advantages does IMFact have offer over banking finance?

There are no hidden costs, making IMFact the cheaper alternative to banking finance. - No collateral or personal guarantees are required. Meaning you have more money to invest in growing your business.

If you cannot find the answer to your question in our FAQs, you can always contact us. One of our financing experts will be happy to help.