LOAN PRODUCTS
Elimu Plus Loan
This is a facility enables members for self-development through their education advancement or that of their loved ones. The loan is designed with a longer repayment period to cater for more amounts and enable the member to have flexible repayment options.
Premium Loan
This is a facility for the members to address emergency financial needs e.g., medical, funeral etc.
Emergency Express Loan
An advance through the phone to finance budget deficit/discreet personal needs. Available for those earning their salary through our Fosa
Elimu Bora Loan
This is a facility for financing education of the members and their dependents (fees and other costs for primary, secondary, college, university education). This loan is repayable in one year to cater for recurring education needs.
Asset Finance
This loan product enables SACCO members to acquire assets such as land, motor vehicles, motor cycles, machinery and other productive assets.
Project Finance
This loan product enables SACCO members who have on-going business projects that need financial support from time. Such projects will receive financial support from the SACCO based on their feasibility and ability to repay the loan facility.
Jipange Loan
This is a long term FOSA loan to cater for the settlement of the newly employed teachers before they are able to qualify for other facilities.
Zidisha Loan
This is a one-year facility for that member who needs to boost his non-withdrawable deposits
Payment Advance
This is a short-term advance against and expected payment due to the member.
Tech Advance
Acquiring small assets e.g., mobile phones, laptops, tablets, smart TVs, gas cooker, solar panels, water tanks and other devices.
Tuliza Loan
An advance through the phone to finance budget deficit/discreet personal needs Appraisal is done through the mobile lending credit system.
Chai Loan
To cater for short term needs of the tea farmers such as farm development, capital and assets requirements as well as consumption needs of the farmer household.
Chai Advance
To cater for tea picking labor needs of the farmer within the month.
Mifugo Loan
To allow dairy farmers purchase good quality cows for high milk production. The farmer will be able to purchase the animal of his choice
Maziwa Loan
This is a short-term loan for dairy farmers who deliver their products through registered and recognized dairy cooperatives/ processors to access credit facilities through the SACCO to meet their short-term needs
Maize Loan
A short-term agricultural loan for maize farmers to finance farm inputs for increased production.
Kilimo Imara Loan
Short term agricultural loans to horticultural farmers to finance their production needs especially for farm inputs. Such farmers include but not limited to poultry farmers, cane farmers, horticultural farmers etc.
Business Booster Loan
This loan will provide business people with much needed working capital for their business based on their determined business turnover and cash flow.
Bima Loan
This is a credit facility that enables the member to pay the insurance premium in easy installments. It covers a range of policies from an asset such as CIC health cover motor vehicle, business premises or even homes. The SACCO will finance insurance premiums in affordable monthly installments instead of the member paying one large annual premium.