LOAN ELIGIBILITY

To qualify for any loan:

(i) One must be a member for at least six months
(ii) Must demonstrate ability to repay the loan
(iii) Appraisal fee of 0.5% of the loan requested is mandatory

Loan Guarantee and Security

All loans must be secured by one of the following
(i) Member’s deposit
(i) Three Guarantors or more

Returns

Interest on deposits – dividends, Interest on holiday savers
The interest and Dividends is shared by all members based on how much a member has saved at the close of the financial year.

Sacco remittance

Members can make Sacco remittances through any co-operative bank countrywide.

Account No.: 01120000559700

Branch: Parliament Road branch

or

Mpesa Paybill No: 158774

ACCOUNT NO: 01100000559700