Loan product targeting members in registered investment groups/companies engaged in common investments

Features

  • Loan term-4 years
  • Physical asset is the collateral- The investment itself
  • Fast and efficient processing of loans to investment group
  • Flexible loan repayments; Monthly, Weekly /daily repayment frequency

Requirements

  • Up to 6 months Account operation and/or 6 months statement from previous bank
  • Group monthly contribution
  • Existence of group for more than 6 months.
  • Loan application form
  • Must be a Sacco member