Loan Products

We have a variety of loan products, suitable for your needs.

Normal Loan

This is a development loan given at 3times of a member’s shares. It is repayable in 36 months with an interest rate of 1% per month on reducing balance.

Quick Fix

This falls under an emergency loan which does not exceed Ksh. 10,000.

It is processed within one day. Its repayable in 4 months with and interest of 5% per month on reducing balance.

School Fees Loan

This is a loan granted to members to pay school fees for themselves, their children and dependants.

It is repayable in 12 months (calendar year) at an interest rate of 1.15% per month.

When applying, the member is required to attach the fee requirement documents

Emergency Loan

This is a loan provided for emergency cases e.g. medical expenses, court cases, and college fees.

It is repayable in 12 months at an interest of 1.15% per month on a reducing balance.

Emergency loan does not exceed Ksh. 50,000

Super Loan

This is our newest product. This is a development loan given 4 times of member’s shares. It is repayable in 28 months with an interest rate of 1.2% per month on reducing balance.

To qualify for this loan one must meet the following conditions:-

  • Must not have  taken any other loan
  • Must not be the first loan to apply
  • Must not have defaulted in the past loans applied
  • Collateral is accepted and a minimum of three guarantors

Pamoja Loan

This is a group development loan repayable within 36 months granted for development purposes such as buying land, construction, purchase of equipment & machinery, vehicles e.t.c. maximum amount granted is 3 times of the group’s savings. Interest rate is 1% per month on reducing balance.

Conditions

  • Must exist for more than six months.
  • Guarantors should be members of the group
  • At least two guarantors should not have a loa