Long Term

This is a credit product where a member is allowed to borrow up to twice of their ordinary savings at an affordable interest rate. The maximum loan limit is E 200,000.00 per member. To qualify, the member must have saved for a continuous period of 3 months with the SACCO.

Short Term

This is a credit product where members can borrow up to E 2,000.00 at an affordable interest rate. To qualify, the member must have subscribed in the SACCO for at least one month. The loan is payable within a maximum period of 4 months depending on the members repayment ability. The loan facility is designed to cater for members’ immediate short-term financial needs.

Special

This is a loan facility product where members are allowed to borrow up to a maximum amount of E 20,000.00 at an affordable interest rate. To qualify, members must have saved for a continuous period of 3 months with the SACCO and must have a minimum of E 2,400.00 in their maxi save account. Loan is payable within a maximum period of 36 months depending on the members repayment ability. 

Emergency

This is a loan facility where members are allowed to borrow up to a maximum amount of E 5,000.00 at an affordable interest rate. To qualify, member must have saved for a continuous period of 3 months with the SACCO. The loan is payable within a maximum period of 12 months depending on the members repayment ability. Loan is designed to cater for member’s emergency needs (unforeseen circumstances) such as natural disasters, funeral, hospitalization, etc.

School

This is a credit product where members are allowed to borrow up to a maximum amount of E 20,000.00 at an affordable interest rate. To qualify, a member must have a minimum of E 2,400.00 in their school savings account. Loan is payable within a maximum period of 24 months depending on the members repayment ability. The loan is designed to cater for member’s educational needs or that of their immediate family.

Household

This is a credit product where members are allowed to borrow up to a maximum amount of E 10,000.00 at an affordable interest rate. To qualify, a member must have saved for a continuous period of 3 months with the SACCO. Loan is payable within a maximum period of 24 months depending on the members repayment ability. This loan is designed to cater for member’s household item needs e.g. furniture, electrical products, laptops, smart phones etc. 

Members Study

This is a credit facility that allows members to borrow up to E30,000.00 for the purpose of self-development. To qualify a member must have saved for a continuous period of 12 months with the SACCO. Loan is payable within a maximum period.