See Your Wealth Grow
Terms
- Maximum loan amount is 3 times your savings @ 1% per month reducing balance
- A member qualifies for a loan after saving for six consecutive months
- The loan must be fully guaranteed a shilling for a shilling.
- No loans processing fees
- Loan refinancing considered only after prepayment of at least 70% of existing loan
- Loans may be restructured in the case of permanent illness/accidents destroying major income earning assets
- 1-3 days loan processing period
- Loans repayment period is as below:
- Below 50, 000-maximum of 2 years
- Between 50, 001 to 499,999-maximum of 3 years
- Between 500, 000 to 999,999-maximum of 4 years
- Above 1, 000, 000-maximum of 5 years
Development Loan
This is an all-purpose loan granted to all members individually or to corporates to finance development projects
Features
- Must be fully guaranteed for both individuals and corporates
- Loan duration as per the loan repayment schedule
How to apply
- Fill in loan application form
- Return loan form for appraisal and approval
- Pay loan insurance fund of 1% of approved loan
- Collect loan cheque
- Start paying loan promptly after a Grace period of one month.
Emergency Loan
This loan granted for unforeseen circumstances e.g. sickness, natural disasters or accidents
Features
- A maximum of Kshs 100, 000
- Is fully guaranteed
- Repaid within a period of 12 months
How to apply
- Fill in loan application form
- Return loan form for appraisal and approval
- Pay loan insurance fund of 1% of approved loan
- Collect loan cheque
- Start paying loan promptly after a Grace period of one month.
Education Loan
This loan is granted to cater for school fees and related expenses only
Features
- The loan is only be disbursed after a valid school fees structure has been presented
- The loan is disbursed via cheque to the institution directly
- Shall be repaid within a maximum period of 24 months for post-secondary education and 12 months for secondary and primary institutions
- Must be fully guaranteed
How to apply
- Fill in loan application form
- Return loan form for appraisal and approval
- Pay loan insurance fund of 1% of approved loan
- Collect loan cheque
- Start paying loan promptly as per your repayment schedule.
Business Loan
It’s a product designed to finance trading activities.
The loan shall be advanced to ongoing businesses only
How to apply
- Fill in loan application form
- Return loan form for appraisal and approval
- Pay loan insurance fund of 1% of approved loan
- Collect loan cheque
- Start paying loan promptly after a Grace period of one month.
Agribusiness
This loan is granted for agricultural purposes aimed at
promoting agriculture for food security, improved livelihoods and economic growth
How to apply
- Fill in loan application form
- Return loan form for appraisal and approval
- Pay loan insurance fund of 1% of approved loan
- Collect loan cheque
- Start paying loan promptly after a Grace period of one month.
Church Loan
This loan is granted to Catholic Churches only through the parish pastoral Council.
How to apply
- Fill in loan application form
- Return loan form for appraisal and approval
- Pay loan insurance fund of 1% of approved loan
- Collect loan cheque
- Start paying loan promptly after a Grace period of one month.