Middle term Loan advanced to established and registered groups and institutions to finance income generating group or institutions project.
Middle term Loan advanced to established and registered groups and institutions to finance income generating group or institutions project.
a) Loan granted to established church groups, social group, investment groups and institutions that have joined the Sacco through group or corporate memberships.
b) The group Must have a minimum of 10 members and for institution shall be a Sacco member
c) The group Must have contributed for a period not less than 3 months standing and should have an active account with the Sacco
d) The minimum amount is Kshs 50,000 and a maximum of kshs 5,000,000 for established groups and maximum 10,000,000 for institution
e) The loan shall be a short term with a maximum repayment period of 2 years(24 months)with a grace period of 2 months on principal.
Long term Loan advanced to established and registered groups and institutions to finance income generating group or institutions project.
a) Loan granted to established church groups, social group, investment groups and institutions that have joined the Sacco through group or corporate memberships.
b) The group Must have a minimum of 10 members and for institution shall be a Sacco member
c) The group Must have contributed for a period not less than 3 months standing and should have an active account with the Sacco
d) The minimum amount Must be Kshs 50,000 and a maximum of kshs 5,000,000 for established groups and maximum 10,000,000 for institution
e) The loan Must be a long term with a maximum repayment period of four years(48 months)with a grace period of 2 months on principal.
Long term Loan advanced to established and registered groups and institutions to finance income generating group or institutions project.
Short term loan granted to members of micro credit group payable within 12 month in equal installment. The loan is meant to assist Sacco members in organized group access finances before accumulating enough deposit.
Short term loan granted to members of micro credit group payable within 12 month in equal installment. The loan is meant to assist Sacco members in organized group access finances before accumulating enough deposit.
Loan Features
– Maximum loan granted is ten times ones deposit with 20,000 first cycle and graduated by 20,000 for the subsequent cycles to a maximum of 80,000 in the fifth cycle.
– Maximum repayment period is 12 month.
– A top up can be done after the group member has paid 1/2 the period and 1/2 the amount
Micro Credit Booster Loan
Middle term Micro credit loan granted to micro credit group members who have demonstrated credit worthiness in the micro Finance program.
Loan Features
– Repayment period is upto 18 months.
-Loan amount of between Kshs 80,000 and Kshs 150,000.
-Loan amount granted is up to 5 times ones deposit.
Middle term Micro credit loan granted to micro credit group members who have demonstrated credit worthiness in the micro finance program.
a) Loan granted to established church groups, social group, investment groups and institutions that have joined the Sacco through group or corporate memberships.
b) The group Must have a minimum of 10 members and for institution shall be a Sacco member
c) The group Must have contributed for a period not less than 3 months standing and should have an active account with the Sacco
d) The minimum amount Must be Kshs 50,000 and a maximum of kshs 5,000,000 for established groups and maximum 10,000,000 for institution
e) The loan Must be a long term with a maximum repayment period of four years(48 months)with a grace period of 2 months on principal.
– Medium term loan payable in one and half year (18 months) with minimum of kshs 80000 and a maximum of kshs 150, 000.
– Total loan advanced is 5 times one’s deposit.
