MISSION
In line with our mission to provide top notch, innovative financial solutions to our members, in order to meet their financial requirements and aspirations, we pride in a wide range of products and services. we strive to meet the expectations of our members.
Loan Types:
1.Development Loan
This product is designed to help our members fund an investment or purchase a property? Our Development loan product is a affordable, all-purpose facility product designed to help members make improvements to their lives
Features
· Granted at maximum rate of 3 times the members savings
· Maximum repayment period is 36 months
· Interest rate is 1% per month on reducing balance
· Member can TOP UP all SACCO loans after repaying for 6 months at 0% commission
Applying:
To apply one fills the loan application form, signs their part and ensures guarantors have also signed. Attach required documents (Bank Statement, MPESA statement and copy of ID), avail adequate guarantors. Deliver the documents physically to SACCO offices or submit electronically.
2. Emergency Loan
Emergencies are part of our daily life and we know they can be stressful for we exist to offer our members a leaning shoulder. Our members can easily access Emergency loans without breaking a sweat. This product is designed to cater for emergencies. We endeavor to disburse these loans within the shortest time possible. We encourage members to try our Emergency loan and experience convenience of accessing financial support.
Features
· Granted at maximum rate of 3 times the members savings
· Maximum loan amount is Kshs 100,000/-
· Maximum repayment period is 12 months
· Interest rate is 1% per month on reducing balance amortized
· Member can TOP UP all SACCO loans after repaying for 6 months at 0% commission
Applying:
To apply one fills the loan application form, signs their part and ensures guarantors have also signed. Attach required documents (Bank Statement, MPESA statement and copy of ID), avail adequate guarantors. Deliver the documents physically to SACCO offices or submit electronically.
3. School Fees Loan
School fees loan is a short-term product designed to enable our members’ access funds to meet the school fees obligations for themselves and their dependents.
Features
· Granted at maximum rate of 3 times the members savings
· No maximum loan amount.
· Maximum repayment period is 12 months
· Interest rate is 1% per month on reducing balance
· Member can TOP UP all SACCO loans after repaying for 6 months at 0% commission
Applying:
To apply one fills the loan application form, signs their part and ensures guarantors have also signed. Attach required documents (Bank Statement, MPESA statement and copy of ID), avail adequate guarantors. Deliver the documents physically to SACCO offices or submit electronically.
