Loan Requirements
To apply for a Maisha Bora SACCO loan products, members are required to provide the following, depending on the specific product:
- A duly completed application form.
- A valid copy of national ID card or passport.
- A copy of KRA PIN certificate.
- Proof of income (i.e. 3 recent months certified pay-slips, 6 months certified bank statements or 6 months certified M-pesa statement), where applicable.
- Required minimum savings, deposits, or share capital contributions.
- Guarantors and/or acceptable collateral for secured loan products, where applicable.
- Any additional supporting documents as specified for the particular product.
Application Process
Applying for a Maisha Bora SACCO Loan product is simple and straightforward:
- Enquire – Explore our products and choose the one that best suits your needs.
- Apply – Complete the application form and submit the required supporting documents.
- Assessment – Your application is reviewed to confirm eligibility and compliance with product requirements.
- Approval – Eligible applications are processed and approved in line with the SACCO’s policies.
- Disbursement – Upon approval, funds are disbursed or your account and you can begin enjoying the benefits.
Note: Processing timelines vary depending on the product and the completeness of the submitted documentation. Members can always inquire about the application status throughout the process.