Purpose
- Maisha Golden 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.
Features: - Qualifying loan is 4 times member’s deposits.
- Interest rate is 1.125% per month on reducing balance.
- Maximum amount borrow is Kshs 10million.
- Maximum repayment period is 84 months (7 years).
- Security options: Guarantors’ deposits, member deposits, Fixed deposits, Property.
- Quick loan processing: Up to 4 days and 4 weeks where property is collateral.
- Full Sacco membership of at least 3 months and evidence of ability to pay