We offer a range of loan products that are designed
to assist our clients in achieving their financial goals.

Our Loan Products

Business Loan Banner

This product is tailored to provide business working capital loan to support business stock and expansion.

Requirements
  1. Should be a member of the society
  2. Bank statement for at least 6 months
  3. Photocopy of ID
  4. A business plan
  5. At least 2 guarantors
  6. Recommendation from LC1
  7. Should have a running business for at least 6 months
  8. 10% share of loan amount applied for
Terms and conditions
  1. Should fill a loan application form
  2. Maximum amount 30m
  3. Interest rate: 3% per month
  4. Maximum loan period 3years
  5. Turnaround time is 72 hours
  6. Loan should not exceed 40% of the value of the security
  7. 1% loan appraise fee
  8. 1% Insurance
Taka Loan Banner

Land acquisition Loan/Taka Loan The society buys the land or property in its name on behalf of the client. The client begins to pay for the loan until completion, and then the property is transferred into the client name. Meanwhile the client may start to use the property has she/he make payments.

Requirements
  1. Should be a member of the society
  2. Bank statement for at least 6 months
  3. Photocopy of ID
  4. Should have at least 30% of the purchase price
  5. At least 2 guarantors
  6. Recommendation from LC1
  7. 10% share of loan amount applied for
  8. Clear source of income
Terms and conditions
  1. Completed application form.
  2. Interest rate of 2.5% per month.
  3. Should have savings of at least 30% of loan applied for.
  4. Borrower should allow SACCO staff to assess his or her business and security.
  5. Loan sizes shall depend on the client’s ability to pay.
  6. Borrower must repay his or her full instalment on the agreed date without fail.
  7. Borrower shall be penalized for delay repayment of loan 10% per month for any installment due.
Salary Loan Banner

This product is tailored to provide business working capital loan to support business stock and expansion, based on your salary.

Requirements
  1. Should be a member of the society
  2. Bank statement for at least 6 months
  3. Photocopy of ID
  4. Letter of understanding from the employer
  5. At least 2 guarantors
  6. Recommendation from LC1
  7. Copy of appointment
  8. 10% share of loan amount applied for
Terms and conditions
  1. Should fill a loan application form
  2. Maximum amount 30m
  3. Interest rate: 3% per month
  4. Maximum loan period 3years
  5. Turnaround time Maximum 2 weeks
  6. Loan should not exceed 40% of the value of the security
  7. 1% loan appraise fee
  8. 1% Insurance
School Fees Loan Banner

This product is tailored to provide timely financial support to ensure uninterrupted education and peace of mind for your family.

Requirements
  1. Should be a member of the society
  2. His/her accounts statement for at least 6 months
  3. Photocopy of ID
  4. Collateral security
  5. At least 2 guarantors
  6. Recommendation from LC1
  7. 10% share of loan amount applied for
  8. Clear source of income
Terms and conditions
  1. Should fill a loan application form
  2. Maximum amount 30m
  3. Interest rate: 3% per month
  4. Maximum loan period 3years
  5. Turnaround time Maximum 2 weeks
  6. Loan should not exceed 40% of the value of the security
  7. 1% loan appraise fee
  8. 1% Insurance
Group Loan Banner

This loan targets group members pursuing a common project or individual members in the group.

Requirements
  1. Should be a member of the society
  2. His/her account’s statements for at least 6 months
  3. Photocopy of ID
  4. Chattels security
  5. At least 2 guarantors
  6. Recommendation from LC1
  7. Clear source of income
Terms and conditions
  1. Should fill a loan application form
  2. Loan should not exceed 40% of the value of the security
  3. 1% Insurance
  4. 1% loan appraise fee
  5. Turnaround time Maximum 72 hours
Motor Loan Banner

This product is tailored to provide you to get the vehicle of your desires via the backing of the society.

Requirements
  1. Should be a member of the society
  2. His/her bank statement for at least 6 months
  3. Photocopy of ID
  4. Clear source of income
  5. At least 2 guarantors
  6. Recommendation from LC1
  7. Should have at least 50% of the purchase price
Terms and conditions
  1. Should fill a loan application form
  2. Maximum loan period 3years
  3. Turnaround time Maximum 2 weeks
  4. Loan should not exceed 40% of the value of the security
Personal Development Loan Banner

This product is tailored to provide personal financing to support individual growth and development projects.

Requirements
  1. Should be a member of the society
  2. His/her account’s bank statement for at least 6 months
  3. Photocopy of ID
  4. At least 2 guarantors
  5. Recommendation from LC1
  6. Collateral security
  7. 10% share of loan amount applied for
  8. Clear source of income
Terms and conditions
  1. Should fill a loan application form
  2. Loan should not exceed 40% of the value of the security
  3. 1% loan appraise fee
  4. 1% Insurance
Asset Financing Loan Banner

This is a loan tailored to customers who would want to acquire movable assets, machinery and equipment.

Requirements
  1. Should be a member of the society
  2. His/her accounts should have operated for at least 2 months
  3. Photocopy of ID
  4. A business plan
  5. At least 2 guarantors
  6. Recommendation from LC1
  7. Collateral security
  8. Photocopy of trading license
  9. 10% share of loan amount applied for
Terms and conditions
  1. Should fill a loan application form
  2. Maximum amount 30m
  3. Interest rate: 3% per month
  4. Maximum loan period 3years
  5. Turnaround time Maximum 2 weeks
  6. Loan should not exceed 40% of the value of the security
  7. 1% loan appraise fee
  8. 1% Insurance
Emergency Loan Banner

This product is tailored to provide quick financial relief to support emergency situations and unexpected expenses.

Requirements
  1. Should be a member of the society
  2. Should have an active account
  3. Photocopy of ID
  4. Clear source of income
  5. At least 2 guarantors
  6. Collateral security
  7. 10% share of loan amount applied for
Terms and conditions
  1. Should fill a loan application form
  2. Loan has a payment period of 3 months
  3. Loan should not exceed 40% of the value of the security
  4. 1% loan appraise fee
  5. 1% Insurance
Church Development Loan Banner

This product is tailored to provide financial support for church infrastructure, community projects, and development initiatives.

Requirements
  1. Should be a member of the society
  2. His/her accounts should have operated for at least 2 months
  3. Photocopy of ID
  4. A business plan
  5. At least 2 guarantors
  6. Recommendation from LC1
  7. Collateral security
  8. Photocopy of trading license
  9. 10% share of loan amount applied for
Terms and conditions
  1. Should fill a loan application form
  2. Maximum amount 30m
  3. Interest rate: 3% per month
  4. Maximum loan period 3years
  5. Turnaround time Maximum 2 weeks
  6. Loan should not exceed 40% of the value of the security
  7. 1% loan appraise fee
  8. 1% Insurance
Jaguar Speed Loan Banner

This product is tailored to provide fast, accelerated working capital and quick financial interventions to support business emergency stock and immediate expansion needs.

Requirements
  1. Should be a member of the society
  2. His/her accounts should have operated for at least 2 months
  3. Photocopy of ID
  4. A business plan
  5. At least 2 guarantors
  6. Recommendation from LC1
  7. Collateral security
  8. Photocopy of trading license
  9. 10% share of loan amount applied for
Terms and conditions
  1. Should fill a loan application form
  2. Maximum amount 30m
  3. Interest rate: 3% per month
  4. Maximum loan period 3years
  5. Turnaround time Maximum 2 weeks
  6. Loan should not exceed 40% of the value of the security
  7. 1% loan appraise fee
  8. 1% Insurance
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