Our Loans

  1. Ordinary Loan
    • Linked to savings and up to double of your savings
    • Loans from E12 000.00 –E50 000.00 interest is 1.2% on reducing balance
    • Loans from E50 001.00 – E100 000.00 interest is 1.5% on reducing balance.
    • Maximum of E100 000.00
    • Revolving @ 75%, new loan comes with its instalment.
    • Insurance is deducted on the money approved.
    • Download – Loan Application Form – PDF [112 kB]
    • Apply Online – Click Here to Apply Online
  1. School Loan
  1. Emergency Loan
  1. Short Loan

When is a member eligible to borrow and what are the requirements?

  1. After 6months joining the SACCO provided paid half of total shares, E2 500.00.
  2. Member can access short loan only while waiting for 6 months to elapse, but had to acquired E2 500.00 of the shares.
  3. Copy of payslip should be attached to every loan application form, to calculate the Statutory 33% of total deductions per employee.
  4. Submit ITC certificate, proof of residence and contract of employment.
  5. Members who are not employees should submit; ITC certificate, Police Tax clearance, 3 Months Bank Statements, proof of residence.