It takes about 1-2 months for an MFI to access a loan from MESPT. The loan processing goes through the following steps:-

1. Receipt of expression of interest from respective MFIs. The expression of interest can be rejected, deferred or pre-qualified.
2. Pre-qualified financial intermediaries will be asked to purchase an application form at the cost of KES 5,000, where they will fill and submit to the Trust at their earliest convenience.
3. The Trust will review for completeness to ensure that the information desired is captured.
4. The credit team will carry out a field appraisal and prepare an appraisal report to be presented to the credit sub-committee.
5. The sub-committee will be convened to discuss all the loan applications and may reject, defer or approve.  Approved applications are thereafter forwarded to the board for final approval.
6. Upon approval, the secretariat will prepare a letter of offer where the client will have to accept within a specified period.
7. Legal documentation commences upon MESPT receiving the letter of acceptance of the loan offer.
8. The MESPT lawyer will document the securities and forward the completed documentation to MESPT.
9. Disbursement of funds takes place upon finalization of legal documentation and the MFI meeting all the terms specified in the letter of offer.