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Types of Loans
We have a variety of loan products which meets our members needs.
- Emergency Loan
- Education Loan
- Road Tax/ Car Insurance Loan
- Ordinary Loan
- Commodity Loan
- Health Care Loan
- Home Improvement Loan
- Rental Solution Loan
- Home Grocery Loan
- Asset Loan
Terms and Conditions for Loans
- All members are eligible to get loans upon saving with the SACCO for at least two (2) months.
- The maximum loan amount shall be twice one`s savings or up to K50, 000 depending on the applicants membership category.
- Loan interest shall be calculated using straight-line method.
- Interest on loans shall be charged at 6.5% per month
- Loan repayment period shall range between one (1) to six (6) months.
- Loan repayments shall be by bank transfer, standing order, bank deposit or mobile money.
- Loan security shall either be a guarantor or postdated cheques (Guarantors can only be saving members of the cooperative).
- Applicant can have up to a maximum of four (4) guarantors).