Loan Packages

a) Development Loans

• 3 times member’s deposits.
• Maximum repayment period of 48 months(4Years).
• Interest rate is 1% on reducing balance method.

b) Emergency loans

• No ceiling. No documents required.
• Interest 1.1% on reducing balance method.
• Processed within a day.
• Repayable in 12 months

c) School fees Loans

• No Ceiling, no documents required.
• Interest 1.1% on reducing balance method.
• Processed within 7 days.
• Repayable in 12 months

d) Silver loan

• Three times one’s deposits
• Repayment period 60 months.
• Interest at 1.16% per month on reducing
• balance method but
• Compounded to the principle loan.

e) Top-up loan

• Subject to three times of deposits.
• Previous outstanding Development loan paid.
• Interest is 1% per month on reducing balance method.
• Commission charged at 5% of cleared debts.
• Maximum period of recovery is 48 months.

f) Instant loan

• Applied through email or Special loan form.
• Two guarantors required.
• Takes less than an hour to reach the applicant.
• Interest rate is 5%pm on reducing balance method.
• Payable within 6 months.
• maximum amount granted is sh 30,000

g) Karibu Loan

• Applicable to new members whose deposits are less 40,000. Maximum loan Sh.120,000/-
• Part of loan retained to increase members deposit to 40,000/-.
• Interest rate 1.1% on reducing balance method.
• Repayable in 24 months

h) Masomo loans

• No ceiling
• Repayable in 24 months
• Rate of interest 1.2% on reducing balance method

i) Patanisha loans

• Pegged on 5 times member’s deposits.
• Maximum of 2 million Shillings
• Payable in 72 months
• Six guarantors required
• Subject to l/3rd of member’s basic salary.
• Members with bank loans only
• Interest at 1.16% per month on reducing balance method but Compounded to the principle loan.

j) Okoa loans

• Pegged on 5 times member’s deposits.
• Maximum of 3 million Shillings
• Payable in 72 months.
• Six guarantors required
• Subject to l/3rd of member’s basic salary
• Interest at 1.16% per month on reducing balance method but
• Compounded to the principle loan.

k) Other product loans

i) Tanks

• • Loans for purchase of TOTO tanks
  • No maximum but payable in 24 months.
  • Interest is 1.2% on reducing balance method.
  • No transport charges for tanks.
  • Delivered anywhere within the country.

ii) Laptop loans

• • Laptops given repayable in 24 months.
  • Interest rate 1.2%

Mode of Payment

a)  Methods of Payment and or Contribution

Cash, Cheques, Paybill, Standing order etc

b) Using Paybill No. 910600 – Using Safaricom Network

c) Direct Bank Transfer – Please call us for the details.