This is an all-purpose loan facility advanced to all Members for improvement, development or investment. Best for first time borrowers who are looking into paying a long-term loan within a shorter period.
- Repayment period of 48 months
- Interest rate of 1%(12%) per month.
- Maximum entitlement is 4 times total deposits plus shares.
- Guarantors and acceptable collaterals required.
- Maximum Loan- 4 times total savings
- Terms and conditions on self- guarantee apply
- Maximum Loan- Ksh 30 Million.
You need to be a Sacco member for six months and have met the loan eligibility criteria
A duly completed loans application form