Maisha Golden loans address the development needs of members such as acquiring property and other assets, starting or boosting businesses, undertaking large-scale farming, and motor vehicle purchases among others.
Features
- Qualifying loan is 4 times the member’s deposits.
- Interest rate is 1.125% per month on reducing balance.
- Insurance fee of 0.5% and 1.5% processing fee
- 0.5% for refinancing pegged on the loan amount refinanced.
- Maximum repayment period of 84 months
- Full Sacco membership of at least 3 months.