Kra Staff Training Revolving Fund
This is a facility specifically for Civil Servants in National Government, County Governments and National Police Service. This loan is offered in collaboration with The Ministry of Public Service. The amount awarded is between Kshs. 30,000 and Kshs. 500,000 at a competitive low interest rate of 4% per year, with prolonged repayment period of up to 72 months (6 years) through check-off. The courses covered include examinable short courses of at least three (3) months and Postgraduate studies (Masters and PhD). The loan is used to finance Tuition, Library, Computer and Research and Examination feeFeatures
- Quick loan processing
- The loan covers Tuition, Library, Computer and Research and Examination Fee
- Competitive interest rate of 4% per year
- Flexible repayment periods of 12 – 48 months
- Convenient and easy monthly check-off repayments
- Borrow up to Kshs. 500,000
Requirements
- Admission letter from KESRA, a recognized university or training institution in Kenya
- Course recommendation letter from your employer (KRA HR office)
- A copy of 3 months latest pay slips (certified by your employer)
- Certified copy of your national ID (certified by a commissioner of oaths)
- Certified copy of your KRA PIN (certified by a commissioner of oaths)
- Certified copy of national ID from two guarantors employed within KRA (certified by a commissioner of oaths)
- Recent colored passport size photograph of the applicant
Who is eligible
KRA employees pursuing Certificate, Diploma, Undergraduate or Postgraduate studies at KESRA or a recognized Kenyan university
Repayment:
Repayment is due 1 month after disbursement through monthly check-off system from the employer’s payroll for a maximum period of 72 months (6 years). Applicable interest is 4% per year and an annual ledger fee of Kshs. 1,000.