Account can be opened by an individual, two or more individuals as a joint account or by corporates, welfare groups, co-operative societies, school, churches and all other institutions.
Account is used to channel salaries, crop payments, pension dividends, Business deposits, Electronic Fund Transfers (EFT) e.t.c
Affordable account opening balance
Low minimum operating balance
No transaction charges on deposits
In- house Cheque book
Withdrawals can be made as often as needed without notice
Free quarterly account statements
Short Term Loan
Available to salaried employees, pensioners, dairy and tea farmers
Loans are up to Kshs 300,000/=
Maximum repayment period of up to 24 months
Attractive Interest rate is at a reducing balance
2/3 rule must apply
No security
Inuka Loan
Available to salaried employees, pensioners, dairy , tea farmers and SME
Loans are up to Kshs 500,000/=
Maximum repayment period of up to 36 months
Attractive Interest rate is at a reducing balance
2/3 rule must apply
No security
Business Loan
Available to SMEs
Must have operated the account for at least 6 months
Loan up to Kshs 300,000/=
Maximum repayment period of up to 24 months
No security
No grace period
Attractive Interest rate is on a reducing balance
Crop Advance Loan
Available to salaried dairy and tea farmers
Maximum repayment period of up to 3 months
Advance up to 2/3 of he expected monthly net payment
Loan are up to Kshs 300,000/=
Tea Bonus Advance
Available to tea farmers
Maximum repayment period of up to 24 months(2 years)
80% of the previous tea bonus payment-2 years
50% of the previous tea bonus payment-1year
Jijenge Loan
Available to all Jijenge account holders
Amounts are 4 times the balance of the Jijenge savings
Maximum repayment period is up to 36months
Security: guarantors, title deed and logbook
No grace period
Development Loan
Available to all account holders
Loans are up to Kshs 50,000,000/=
Maximum repayment period of up to 48 months
Interest rate is at a reducing balance
2/3 rule must apply
Security: Title deed, logbook and fixed deposit
Asset Finance
Available to salaried employees, pensioners, dairy and tea farmers
Loan is from 80% of the total purchase price. Customer to meet the balance of 20%
Maximum repayment period of up to 36 months
Interest rate is at a reducing balance
2/3 rule must apply
Security: Title deed, logbook and fixed deposit
Must be insured through Mapa insurance agency
In case of a motor vehicle, joint registration must be done and log book will be held by the Sacco until loan id fully paid
The motor vehicle should be less than 8 years of age
Insurance Premium Finance
Available to all our customers
Maximum period is up to 10 months
LPO Financing
Available to all our customers
Maximum 2/3 of the LPO with a maximum of Kshs 500 000/=
Overdrafts
Available to all our customers
Accounts with deposit turnover more than Kshs 200,000 per month
