Tenakata: App for Business

Tenakata

About this app

Business Description:

Tenakata User application is used by the small business owners. They will capture their day to day sales - both cash and credit, daily purchases - both cash and credit. The solution is easy to use and provides visual insights on the business performance enabling the business owners to have control of their businesses. Your business will need to be registered to access the application. Please call us on [phone] to register your business.

Tenakata loan summary:

We have two loan products:

1. Nawiri
Nawiri is a 30-day working capital loan for your business.

2. Inua Biashara
Inua Biashara is a supply financing product whereby we offer stock overdraft services via distributors.

Important loan metrics:

Minimum period of repayment: 14 days
Maximum period of repayment: 30 days
Annual Percentage Rate (APR): 12% to 240%
Processing fee: KES 500.00 for Nawiri loan product and KES 0.00 for Inua Biashara product.
Registration fee: a one-time fee of KES 500.00.

Nawiri loan calculation example:

Principal amount: KES 30,000.00
Loan duration: 30 days
Processing fee: KES 500.00
Interest: 20% * KES 30000.00 = KES 6000.00
Total amount to be paid back: KES 30000.00 + KES 6000.00 + KES 500.00 = KES 36,500.00


Inua Biashara loan calculation example:

Principal amount: KES 30,000.00
Loan duration: 14 days
Interest: 10% * KES 30,000.00 = KES 3000.00
Total amount to be paid back: KES 30,000.00 + KES 3000.00 = KES 33,000.00

What’s new

Logs Update