This is a development loan product and the loan facility is meant to assist a member initiate and finance development projects.

Features

  • Repayment period is 60 months,
  • Interest rate is 13% Per Annum on reducing balance,
  • It is based on 3 times deposits,
  • The loan must be fully guaranteed by 6 members of the Sacco,
  • Loan is processed within a month.

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