Biashara Loan.

Eligibility & Target group.

Pegged on three (3) times members savings.
Sacco member with three (3) months saving history.
Ability to repay established by the loans officer through appraisal.
This product is available to individual members in business or entrepreneurs.

Loan Purpose.

The product is designed to enable the members in business or entrepreneurs to access funds for business expansion or merchandise purchase or such.

Repayment Period.

Members enjoy to a maximum of Twenty Four (24) Months of repayment period.

T.A.T

The turn around time is dependent on the approved amount. Any amount below 250,000.00 can be disbursed within 24 hours and amounts above this can be disbursed within 2 weeks. Where securities are involved this may take up to 3 months.

Maximum Amount.
x3 of Members Deposits.
Interest Billed Monthly
Members get 30 days grace period to start the loan repayments.Members get 30 days grace period to start the loan repayments.
Loan Form.