Development Loan.

Eligibility & Target group.

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

Loan Purpose.

The product is designed to enable the members access funds for projects as working capital or capital expenditure.

Repayment Period.

Members enjoy to a maximum of Thirty Six (36) 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 2 months.

Maximum Amount.
3,000,000.00
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.