Loan Products


This  loan type is based on one’s deposit and/or guarantor’ deposits.

  • This is a type of a loan secured by 90% of one’s deposits.
  • Loan interest rate is 1.08% or 1.28% on a reducing balance.
  • A member has to be active for at least three consecutive months and has paid minimum share capital
  • Security is 90% of guarantors’ total deposit who must be active (A member can use any other savings product held within the SACCO).
  • Loanees ID copy


This is a loan applied under the junior account.

  • Both parent/guardian and junior account have to be active for at least three consecutive months prior to loan application
  • Interest rate is 1.08% and 1.28% on a reducing balance for self and guaranteed loan respectively.
  • D copies of parent/guardian and guarantors in case of guaranteed loan
  • Copy of minor registration form.
  • Request letter from parent or guardian.
  • Refinancing for this loan category not applicable.

Development Loan

This product is intended to empower members undertake a development project with long term benefits e.g. residential or commercial buildings and other investments. Security can be either a plot or house

  • Maximum loan entitlement within 4 time deposit.
  • Security – Guarantors and /or collateral
  • Repayment period of 60 months
  • Interest rate of 1.5% on collateral loan and 1.28% on guaranteed loan and 1.08% on self guaranteed per month on reducing balance.
  • Refinancing /top up facility available
  • Terms and condition apply.


This is a type of a loan secured against 90% of one’s deposits for payment of school fees.

  • Loan interest rate is 1% on a reducing balance.
  • Repayment period is strictly one year
  • A member has to be active for at least three consecutive months and has paid minimum share capital
  • Attach copy of school fees structure
  • Cheque to be addressed in schools name
  • Loanee’s ID copy.
  • Refinancing allowed on this loan

Car Loan

This facility enables members to purchase private or private commercial vehicles through co-ownership with the Sacco

  • A member has to be active for at least one year
  • Maximum loan issued four times ones deposits
  • Account boosting one has to wait for at least 6 months
  • Check previous loan repayment history
  • Interest rate charged at 1.5% on a reducing balance
  • Repayment period 4 years based on depreciation policy on motor vehicles
  • Processing period is within 60 days
  • CRB report

Mazao Loan

This loan is based on previous year’s dividends

  1. Maximum Amount Kes 50,000 or 50% of the previous year’s dividends whichever is lower.
  2. Available as from June to December
  3. Interest rate of 7.5% one off fee deducted upfront.
  4. Repayment period of up to 3months.
  5. No application fees.

Disclaimer: One cannot withdraw their membership before the financial year ends unless they repay the loan fully.


This is where a member will apply for a loan to boost his/her deposits meaning it will be transferred to the deposit account.

  1. Interest rate 1% and will be self-guaranteed loan
  2. Repayment period of a maximum of 3 years