Development loans address the development needs of members e.g. to acquire property and other assets, start or boost business, undertake large scale farming, motor vehicle purchase among others.
•    Qualifying loan is 3 times member’s deposits.
•    Interest rate is 1% per month on reducing balance.
•    Maximum repayment period is 72 months (6 years).
•    Security options: Guarantors’ deposits, member deposits, Fixed deposits, Property.
•    Quick loan processing: Up to 4 days and 4 weeks where property is collateral.

•    One-off provision fee: 1%.

•    One-off institutional capital: 0.5% ( Not exceeding kshs 5,000/=).

•    One-off insurance fee: 0.5%
•    Full Sacco membership of at least 3 months and evidence of ability to pay.


Download loan form here