06-Dec-2022
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Our Products
In order to access any of the SACCO loan products a member must satisfy the following conditions among others.
  • A member must have completed six (6) months check-off contribution to the SACCO.
  • The loan amounts should not exceed three (3) times a member’s accumulated deposits.
  • All loans are charged 1.25% interest per month on a reducing loan balance.
  • Every loan must be fully guaranteed.
The following are the HACO SACCO products available to members


Product Current Ceiling Maximum Payment
Period (Months)
Interest
Rate (%) p.a
Development Loan 2.5 Million 48 15
Emergency Loan 250,000 Thousand 12 15
School Fees Loan 400,000 Thousand 12 15
Capital Loan 3 Million 60 15
Special Development Loans 4 Million 72 15
Special Program Loans - 12 15
Bridging Loan 1.2 Million 36 15



Other Products
Cash Advance - 1 5
Motor Vehicle Insurance Loan (CIC) - 10 -
Instant loan 500,000 Thousand 6 15
Special Advance 150,000 Thousand 12 17
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