Normal Loan
This is a loan facility for all Sacco members for their business needs.
Features
- Loan given up to three (3) times a members normal shares.
- Maximum repayment period of 36 months.
- Up to one month grace period.
- No minimum loan amount.
Upesi Emergency Loan
This is a short term loan facility to help members meet their emergency financial needs such as Medical bills, School fees, and other emergencies.
Features
- Loan given up to 40%of the member’s shares.
- Up to six months repayment period.
- Loan processed within 24 hours.
- No minimum loan amount.
Matunda Loan
This loan facility is tailor made to finance the mango value chain and to ensure quantity and quality mango production from the mango farmers.
Features
- lt is designed for both individual mango farmers and those in registered farmer groups of at least five farmers.
- The loan is meant to purchase inputs, irrigation equipment, and farm assets.
- Share contribution for at least three months before accessing the loan.
- Up to six months grace period.
- Loan given up to ten (10) times the member’s shares.
- Up to 3 months repayment period during harvesting.
Dairy Farming Loan
This is a loan facility tailor-made to finance the dairy value chain.
Features
- Repayment period of up to 24 months with 3 months grace period.
- Options for monthly, weekly, or daily repayments.
Biashara Loan (Group Lending Product)
Loan advanced to individual group members who contribute minimum 200 shillings on weekly basis.
Features
- Member must save 25% of the loan amount.
- Flexible loan amounts to meet member needs.
- Fast loan processing and disbursement.
- Loan given up to ten (10) times the member’s shares.
- Loan given up to ten (10) times the member’s shares.
- Up to six months grace period.
- Flexible weekly/monthly repayment up to 24 months.
- Free eight weeks Business skills training.
Chai Plus Loan
This loan facility is designed to support the tea farmers through affordable and flexible financing.
Features
- Loan given 4 times members normal shares.
- Repayment Period 24 months.
- Loan secured using tea bonus and guarantors.
- No minimum loan amount.
Asset Financing Loan
This loan facility is designed to help our members purchase assets such as motor vehicle, land, tuk tuks, generators, water tanks, school equipment etc.
Features
- Up to 36 months repayment Period.
- Purchased assets used as security for the loan.
- Loan financed up to 75% of the asset value
Salo Plus Loan
Features;
- No waiting period.
- No minimum loan amount.
- Repayment Period 84 months.
- Loan given 8 times members normal shares.
Mkulima Halisi – Green Financing
Features;
- Targets all farmers in organic agriculture methods which minimize soil disturbance, reduces erosion, and improves soil health including farmers in renewable energy which decrease greenhouse gas emissions.
- Multiplier is FIVE times member`s Normal shares for individual members while micro members are expected to use micro model.
- Maximum loan amount 2.5 million.
- Maximum repayment 24 months
- Free technical training offered to the farmers.
Mkulima Bora
Product targeting members in:
- i. Crop farming- tea, coffee, cereals, legumes and horticulture.
- ii. Animal production- dairy, beef, poultry, bee, rabbit and pig farming
- iii. Agriculture support services- agriculture machinery, water irrigation, veterinary and related services
- iv. Green energy products- All solar equipment seg jikos, solar panels, solar powered movable’s etc
- Interest rate is 10% Reducing Balance
- Multiplier THREE times members non withdrawal shares
- Market linkages to the farmers
Other Loans
We also have the following loans and services;
We also have the following loans and services;
- Biashara Plus loan/Super group loan.
- Employee Salary Advance.
- Employer Salary Advance.
Check off loans
- Loan facility for individual who are employed either by the Government, Reliable companies with MOU’s with the Sacco.(Eg TSC, Civil servants, universities, Parastatals)
- No waiting period
- Loan buy offs available
TSC Paypoint
- Fosa Advances & loans available for TSC Teachers whose they salary paypoint is UTS.
- Very fast processing of advances & loans
Msacco
Enables members transact in there comfort without physically vising any office
Members can perform following services by dialing *346#
- Withdrawal money from account
- My account – for Balance inquiry / retrieval of Mini statements
- Loans – to check loan status / loan repayment
- Funds Transfer – can transfer funds to other member account
- Deposit – make deposits to Normal, capital, Akiba/current savings account, Call deposit account
- Pins change
- Upesi loan – processed and disbursed realtime.