Purpose

Development loans address the development needs of members e.g. to acquire property and other assets, start or boost business, undertake large scale farming, motor vehicle purchase among others.
Features:
•    Qualifying loan is 3 times member’s deposits.
•    Interest rate is 1% per month on reducing balance.
•    Maximum repayment period is 72 months (6 years).
•    Security options: Guarantors’ deposits, member deposits, Fixed deposits, Property.
•    Quick loan processing: Up to 4 days and 4 weeks where property is collateral.
•    Full Sacco membership of at least 3 months and evidence of ability to pay.

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.Download loan form here

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Working Hours : Mon - Fri 8.30am to 4.30pm; Last Saturday of the month 9.00am to 12.30 pm. Closed on Weekends & Public Holidays
 
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