Elphrods

Features Elphrods

Elphrods Services LLP offers WASH credit services to poor households within low-income communities and links them to the WASH services providers such as trained Manual Pit Emptiers, Exhausters, Plumbers, Utilities and Master Operators.
The WASH credits help poor households connect their premises to water piping networks, access formal pit emptying services, and to upgrade the pits to required standards.
Through these WASH upgrades, Elphrods services LLP enables tenants in low-income communities to get access to adequate, safe, and environmentally friendly WASH services.
The credits help positively impact on public health and restore environmental standards.Company products offered Water and Sanitation (WASH) LoansSME/Business LoansMsingi Bora School LoansHow the company digital platform will worksElphrods services LLP is providing credit services to its clients via the use of an APP or USSD codes.
Clients either being admitted via the third party APP or via self-registration.
A unique account is created to each client to access our services.Elphrods will provide the software program for clients to download on any electronic devices, named Elphrods Services LLP.Client’s personal data are captured for identification purposes.
Personal data collected and usageThe following personal data will be provided while using our platform purposely for identification or for contacting clients when need arises.
Personal identifiable information may include, but not limited to:First and last NamePhone numberID numberE-mail address Location Financial transactions eg M-pesa, Bank slip or Pay slipUsage dataUsage data is collected automatically while using the platform.
Certain information like the type of mobile device you use, your mobile device unique ID, the IP address of your mobile device will be collected.
Use of your personal dataThe company may use your personal data for the following reasonsTo provide and maintain our servicesTo manage your accountTo contact youTo provide clients with updates on our promotions and new products.HOW WE PROCESS YOUR LOANSOur payments differ depending on the products:WASH LOAN-Domestic Loan amount: Minimum ksh.5’000.00 max.
ksh40’000.00Interest charge: 8% fixed per monthProcessing fee: 2%Loan duration: 4 monthExample Loan amount ksh.5’000.00Month 1(m1) Principal (P) + Interest(I) =ksh…1’650Month 2(m2) Principal (P) + Interest(I) =ksh…1’650Month 3(m3) Principal (P) + Interest(I) =ksh…1’650Month 4(m4) Principal (P) + Interest(I) =ksh…1’650Processing fee =ksh 100 TOTAL =ksh.
6,700WASH LOAN-InstitutionLoan amount: Minimum ksh.
50’000.00 Max.
ksh.300’000.00Interest charge: 8% reducing balance per month Processing fee: 2%Loan duration: 8 monthMSINGI BORA SCHOOL LOANLoan amount: Minimum ksh.
5’000.00 Max.
ksh.50’000.00Interest charge: 16% reducing balance per month Processing fee: 0%Loan duration: 90 days (3 months)BUSINESS BRIDGE- LOAN Loan amount: Minimum ksh.
35’000.00 Max.
ksh.50’000.00Interest charge: 18% reducing balanceProcessing fee: 2%Loan duration: 61 daysELEGIBILITY CRITERIA In order for an individual to be declared creditworthy, the person shall, as a minimum, meet the following basic requirements:Be of full age ( 18 years)Have a define productive activity or show certain economic income to ensure that the payments will be properly made after borrowing.
Have an adequate credit history for borrowing.Demonstrate the ability to carry out the project in which they are to make their corresponding investments.Be engaged in legal activitiesOur contactHead office located in Manyatta Primary SchoolBio-Centre First floor 0796864084 [email protected]