Ethical Partnerships for Progress

  +254 746 111 888   1st Floor, Nginyo Towers,Koinange /Moktar Dadah Street

HomeFinancing

Financing

Collateral Framework

CTS accepts the following as security for financing facilities:

  • Self-Guarantee with Personal Savings.
  • Member Co-Guarantee.
  • Ayuta Group Guarantee.
  • Direct Salary Assignment.
  • Conventional Collateral (e.g., Log-Books, titled property).
  • Chattels Mortgage over Livestock and Household Items.
  • Hypothecation of Business Stock.
  • Reference by Local Chief or Imam.
  • Key-Man Guarantee (Dhamana) by a respected family member or community leader with capacity to repay.

Financing Products

  1. E-Kash
    • Purpose: Short-term, mobile-based emergency financing.
    • Shariah Contract: Qard-Al-Hassan (profit-free) or Commodity Murabaha (profit-earning).
    • Limits: KES 500 – 25,000 (Personal); KES 25,000 – 100,000 (Professional, available as standing limit upon application).
    • Repayment: 30 days (weekly payments optional) or 90 days (monthly payments optional).
    • Cost: Documentation Service Fee: KES 50 – 7,500 depending on limit. Zero profit on Qard-Al-Hassan facility.
  2. Edu-Kash
    • Purpose: School fees financing.
    • Shariah Contract: Service Ijara (Service Murabaha).
    • Limits: Primary/Secondary: KES 5,000 – 100,000 per term. College/University: KES 5,000 – 250,000 per semester. Professional Certifications: KES 5,000 – 250,000 every six months.
    • Member Contribution: 30% of requested amount.
    • Repayment: Primary/Secondary: 1–4 months. College/University/Professional: 3–6 months.
    • Cost: Documentation Service Fee: KES 500 – 10,000. Expected Profit Rate: 12–18% depending on tenor.
  3. Micro-Asset Finance
    • Purpose: Financing micro-assets such as home-based assets, small-scale machinery, and business equipment.
    • Shariah Contract: Murabaha.
    • Limits: KES 5,000 – 1,000,000.
    • Member Contribution: 30%.
    • Repayment: 6–24 months.
    • Cost: Documentation Service Fee: KES 500 – 25,000. Expected Profit Rate: 12–18% flat rate depending on tenor.
    • Collateral: Self-Guarantee, Asset under Purchase, Ayuta Group Guarantee, Direct Salary Assignment.
  4. Ayuta Biz-Kash
    • Purpose: SME financing for trading members.
    • Shariah Contract: Murabaha, Diminishing Musharaka, Ijara.
    • Limits: KES 5,000 – 1,000,000.
    • Member Contribution: 30%.
    • Repayment: 6–24 months.
    • Cost: Documentation Service Fee: KES 500 – 20,000. Expected Profit Rate: 12–18% flat depending on tenor.
  5. Ayuta Micro-Asset Finance
    • Purpose: Financing micro-assets such as solar kits, workshop equipment, boda-boda, tuk-tuks, machinery, and small-scale business equipment.
    • Shariah Contract: Murabaha.
    • Limits: KES 5,000 – 750,000.
    • Member Contribution: 30%.
    • Repayment: 6–24 months.
    • Cost: Documentation Service Fee: KES 500 – 20,000. Expected Profit Rate: 12–18% flat depending on tenor.
  6. Motor Vehicle Asset Finance
    • Purpose: Financing personal motor vehicles.
    • Shariah Contract: Murabaha or Diminishing Musharaka.
    • Limits: KES 5,000 – 2,000,000.
    • Member Contribution: 30%.
    • Repayment: 6–60 months.
    • Cost: Documentation Service Fee: KES 500 – 25,000. Expected Profit Rate: 12–18% reducing balance depending on tenor.
  7. Development Finance
    • Purpose: Financing landed property.
    • Shariah Contract: Murabaha or Diminishing Musharaka.
    • Limits: KES 5,000 – 3,000,000.
    • Member Contribution: 30%.
    • Repayment: 6–60 months.
    • Cost: Documentation Service Fee: KES 500 – 25,000. Expected Profit Rate: 12–18% depending on tenor.
  8. SokoKash (Under Development)
    • Purpose: Short-term working capital financing for business stock.
    • Shariah Contract: Pure Investment Musharaka.
    • Limits: KES 30,000 – 100,000.
    • Member Contribution: 10–30%.
    • Repayment: One day to one month.
    • Cost: Documentation Service Fee: KES 50 – 2,000. Expected Profit Rate: 1–3% flat depending on tenor.
    • Structure: CTS is the sleeping partner (Mushareek); the client is the active partner. Losses are shared strictly in the ratio of contributions per Musharaka rules.