Development Loan

Terms and conditions

  • Member for at least 6 months.
  • Deposits are multiplied by 3
  • Minimum of 6 guarantors, guarantor must be members of the Sacco should not have guaranteed more than 5 members.
  • A copy of current pay slip or bank statement for computation of disposable income
  • Repayable in 48 months.
  • Interest rate of 1.7% per month on reducing balance