As a group or chama looking to finance your big dream aimed a common target, this loan facility is ideal just for those plans.
- Maximum amount determined x 4 of savings.
- Repayment period from as low as 1 month to 36 months
- Interest rate on a reducing balance
- The debt service ratio is 50%
- Saving and training for 6-8 weeks before borrowing
- Reducing Balance Interest rate with Competitive rates
- There is co-guarantor ship by group members
- Fast Processing
- Flexible repayment
- Clear Terms and Conditions
- Group need to be a SACCO member.
- A duly completed loans application form
- Group members should be 18 years and above with a national ID or passport.
- Group constitution.
- Group minutes.
- Certificate of registration.
- Attach required documents