22-Mar-2023
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.
| 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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