Development Loan

This product is intended to empower members undertake a development project with long term benefits e.g. Residential or Commercial buildings, Business ventures and other investments.

  • 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.

Education Loan

Studying is already quite demanding, The Sacco offers members an opportunity to pay for their studies as well as for their children’s school fees without straining; One is able to use the amount in juniors account to apply for this loan.

  • Maximum loan entitlement 4 times one’s deposit.
  • Security – guarantors.
  • Repayment period of 60 months
  • Interest rate 1.28% on guaranteed loan and 1.08% on self guaranteed per month on reducing balance.
  • Terms and condition apply

Car Loan

This facility enables members to purchase private quality vehicles through co-ownership with Sacco. One must be a member for at least 1 year.

  • Maximum loan entitlement 4 times deposit.
  • Security – Original logbook.
  • Age limit of vehicle maximum is 10 years.
  • Sacco finance up to 80% of valuation cost.
  • Repayment period of 36 months.
  • Interest rate 1.5% per month on reducing balance.
  • Refinancing /top up facility available
  • Valuation report, transfer or import documentation to be attached.
  • Full comprehensive insurance cover and car tracking device through Sacco is a must.
  • Terms and condition apply.

Mazao Loan

This is a loan advanced to members based on the previous year’s dividends.

  • Loans are available to members from September to March within a period of six months before the next AGM. Repayments is on a monthly basis or offset against dividends during AGM.
  • Maximum loan entitlement is 75% of the previous year’s dividends.
  • Security: Current years dividend
  • Interest rate 1.08% on reducing balance.

Instant Loan

Introduction of Visa branded Verona ATM cards to all members. This is a new product introduced by VH SACCO meant to serve as an emergency loan to all members based on ones request both locally and internationally. This can be used from any point of sale, hospitals during admission, petrol station, supermarkets, ATM country wide e.t.c.

  • Registration is kshs. 1,000 one off fee.
  • Mimimun loan is kes. 10, 000 with a maximum of kshs. 1 mi.
  • Repayment period is 4 months from the date of disbursement.
  • Reloading is done once through the office after clearing the first loan.
  • Security on deposit or guarantors.
  • nterest rate 1.08%.

Loan Requirements

One qualifies for a loan after three months of continues monthly contributions.


  • Application and loan processing fee kes. 400.
  • Loan security fund – kes 25 per every kes 1,000 payable per year on loan balance.
  • Clear insurance fund for the yearGrace period of 30 days upon receipt of the loan.
  • Emergence loans/ urgency processing is within three days and a charge of 500 kes per application.
  • Loan refinancing kes. 500 per application.
  • Fine for default is 10%of the monthly principle repayment amount.
  • Loan issued 4 times deposit and security is either Guarantors or collateral.