Loan Packages
Emergency Loan
Meant to meet member’s urgent unforeseen emergencies
The applicant must complete the loan application form in full and any incomplete form will be returned unconsidered
The loan is self-guaranteed.
Approved with a day
Repayment period is within 6 months
Interest rate 1% reducing balance and subject to change from time to time.
Qualification. A member who has consistently saved with the Sacco for at least 6 months or member with existing loan(s) and with good repayment history as may be determined by the Credits committee.
Loans are granted subject to availability of funds.
A member must be saving at least ksh 5,000 per month
Maximum amount Kshs 25,000
Subject to the one third rule of ones’ basic salary as prescribed by the ministry of co-operative guideline.
School Fees Loan
Meant to meet member’s school fees needs
The applicant must complete the loan application form in full and any incomplete form will be returned unconsidered
The loan is self-guaranteed.
Approved with a day
Repayment period is within 6 months
Interest rate 1% reducing balance and subject to change from time to time
Qualification. A member who has consistently saved with the Sacco for at least 6 months or member with existing loan(s) and with good repayment history as may be determined by the Credits committee.
Loans are granted subject to availability of funds.
A member must be saving at least ksh 5,000 per month
Maximum amount Kshs 25,000
Subject to the one third rule of ones’ basic salary as prescribed by the ministry of co-operative guideline.
Special Loan
Meant to meet member’s special needs from time to time
The applicant must complete the loan application form in full and any incomplete form will be returned unconsidered
The loan is self-guaranteed.
Approved with 2 days
Repayment period is within 6 months
Interest rate 1% reducing balance and subject to change from time to time
Qualification. A member who has consistently saved with the Sacco for at least 6 months or member with existing loan(s) and with good repayment history as may be determined by the Credits committee.
Loans are granted subject to availability of funds.
A member must be saving at least ksh 5,000 per month
Maximum amount Kshs 25,000
Subject to the one third rule of ones’ basic salary as prescribed by the ministry of co-operative guideline.
Repayment period is within 12 months
Interest rate 1% on reducing balance and subject to change from time to time
Qualification. A member who has consistently saved with the Sacco for at least 6 months or member with existing loan(s) and with good repayment history as may be determined by the Credits committee.
A member must be saving at least ksh 5,000 per month
Maximum amount Kshs 100,000
Subject to the one third rule of ones’ basic salary as prescribed by the ministry of co-operative guideline.
Car Loan
Meant to meet member’s need to acquire motor vehicle.
The applicant must complete the loan application form in full and any incomplete form will be returned unconsidered
Approved with 6 days
Loans are granted subject to availability of funds.
Repayment period is within 2 years
Interest rate 1% on reducing balance and subject to change from time to time
Qualification. A member who has consistently saved with the Sacco for at least 6 months or member with existing loan(s) and with good repayment history as may be determined by the Credits committee.
A member must be saving at least ksh 5,000 per month
Subject to the one third rule of ones’ basic salary as prescribed by the ministry of co-operative guideline.
Development Loan
Meant to meet member’s developmental needs such as acquisition of land, houses, etc
The applicant must complete the loan application form in full and any incomplete form will be returned unconsidered
Approved with 14 days subject to Credit & Management Committees approval
Loans are granted subject to availability of funds.
Repayment period is within 48 months
Interest rate 1% on reducing balance and subject to change from time to time
Qualification. A member who has consistently saved with the Sacco for at least 6 months or member with existing loan(s) and with good repayment history and as may be determined by the Credits committee.
A member must be saving at least ksh 5,000 per month
Maximum amount is three times a member’s savings.
Subject to the one third rule of ones’ basic salary as prescribed by the ministry of co-operative guideline.
Loan Restructuring
The management Committee reserves the rights to approve or reject the requested restructuring. More details to be shared with membership in due time.
Corporate Group Loan
The management Committee reserves the rights to approve or reject the requested restructuring. More details to be shared with membership in due time.
