Development Loans

Targeted for long-term projects like property acquisition, construction, or other major investments.

Loan requirements

These are loans for development purposes eg purchase of immovable assets.
Disbursement is within one month upon receipt of application Subject to approval during the management committee meeting and availability of funds.
Repayment period is within 36 months.
The loan is granted three (3) times of member’s shares and deposits and is charged an interest rate of one percent (1%) per month on reducing balance and the maximum loan shall be as stated in the by-laws.
A member can use an Asset as a guarantee to the loan, however a maximum value equivalent to 50% of the Asset value will be considered. The SACCO will appoint a professional valuer and however the following costs will be borne by the member applying the loan

or call us +254 797 709711, +254 100 345799