These are all purpose products designed to help members make improvements or fund their long-term investments.
Ufanisi Loan
- Loan limit of Ksh.30,000,000
- Multiplier of X3 member deposits
- Interest rate is 1.2% per month on reducing balance
- Maximum repayment period of up to 60 months
- Secured by either guarantors, Money market funds, NSE Listed shares, logbook or Title deed.
- Shareboosting of up to 40 % of member deposits for members wanting a higher loan amount but have less deposit
Development Loan
- Loan limit of Ksh.30,000,000
- Multiplier of X5 of member deposits when secured with title deed, X4 when secured with logbook. Loans secured by guarantors, NSE listed shares and Money Market Funds are issued on a multiplier of X3
- Interest rate is 1% per month on reducing balance
- Maximum repayment period of up to 48 months
- Shareboosting of up to 40 % of member deposits for members wanting a higher loan amount but have less deposits
FOSA Loan
- Loan limit of Ksh.30,000,000
- Multiplier of X2 member deposits
- Interest rate is 1.25% per month on reducing balance
- Maximum repayment period of up to 48 months
- Member MUST channel their salary or business income through FOSA
- Secured by either guarantors, Money market funds, NSE Listed shares , logbook or Title deed.
Chama Loan
The product favors registered groups/ chamas who need funding for their investment projects. Our chama members are offered free financial trainings ensuring they invest wisely.
- Loan limit of Ksh.30,000,000
- Multiplier of up to X5 of deposits
- Interest rate is 1.167% per month on reducing balance
- Maximum repayment period of up to 48 months
- Secured by either guarantors, Money market funds, NSE Listed shares, logbook or Title deed.
- Share boosting of up to 40 % of member deposits for Chama’s wanting a higher loan amount but have less deposits
