Loans Products
It’s Easy To Get A loan Unless You need It.
We are the go-to SACCO when it comes to loans. Simple, transparent, fast and reliable. Our loans products are tailored to suite your particular needs
Agri Loans
Kilimo (Unsecured)
• Available to Agri based businesses
• Loans are up to Kshs 500,000/=
Below Kshs 300,000, 24months
Above Kshs 300,000, 36 months
• Maximum repayment period of up
to 24 months
• Attractive Interest rate is at a
reducing balance (15%)
• 2/3 rule must apply
• Minimum monthly savings to
Jijenge of Kshs 500.
• Minimum deduction at the point of
deduction of 2% of the loan
• No security
Kilimo (Secured)
• Available to Agri-based business operations
• Loans are up to Kshs 50,000,000/=
• Jijenge monthly minimum contribution of
Kshs 1,000
• Maximum repayment period of
up to 84 months
• Attractive Interest rate is at a reducing
balance
• First 5million-3% appraisal fee, Anything
above Kshs 5million -2% appraisal fee
• 2/3 rule must apply
• Security: title deed, motor vehicle or fixed
deposit with the Sacco
Mifugo
• Available to all farmers based in
livestock raring areas
• Loans available after months of
operations
• Loans are up to Kshs 500,000/=
• Loans above Kshs 500,000/=
must be secured by a title deed,
motor vehicle or fixed deposit
• Jijenge deductions of at least
Kshs 500 per month.
• Attractive Interest rate.
Kilimo Advance
• Available to dairy and tea farmers
• Maximum repayment period of up
to 3 months
• Advance up to 2/3 of he expected
monthly net payment
• Loans are up to Kshs 300,000/=
Tea Bonus Advance
• Available to tea farmers
• Maximum repayment period
of up to 24 months (2 years)
• 120% of the previous tea
bonus payment-2 years
• 85% of the previous tea
bonus payment-1year
SME Loans
SME (Unsecured)
• Available to Business enterprises
• Must have operated the account
for at least 6 months.
• Jijenge deposits to be Kshs 500
minimum per month.
• Loan up to Kshs 500,000/=
• Maximum repayment period of
up to 36 months
• No security
• Attractive Interest rate is on a
reducing balance
SME (Secured)
• Available to business enterprises
• Must have operated the account for
at least 6 months
• Maximum repayment period of
up to 84 months
• Security: Title deed, logbook
• Attractive Interest rate is on a
reducing balance
• Loans up to a maximum of 50Million.
Salary Loans
Salary (Unsecured)
• Available to salaried employees,
• Loan are up to Kshs 500,000/=
• Maximum repayment period:
Below Kshs 300,000, 24months
Above Kshs 300,000, 36 months
• Attractive Interest rate in reducing balance.
• 2/3 rule must apply.
• No security.
• Monthly Jijenge contribution of Kshs 500.
• Jijenge deduction 2% one off on loan issue
• For borrowers of Kshs 500,000, they must
have at least Kshs 50,000 in Jijenge.
Salary (Advance)
• Available to salaried employees
and pensioners
• 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/=
Salary (Secured)
• Available to salaried employees,
• Loans are up to Kshs 10,000,000/=
• Jijenge monthly deduction of Kshs 2,000 for
check off loans.
• For the other non-check off, Jijenge monthly
contributions of Kshs 1,000.
• Maximum repayment period of up to 84
months
• 2/3 rule must apply
• Must be secured by either title deed, motor
vehicle or fixed deposit
• Interest Rate on reducing balance.
Group Loans
Micro Finance Loans
• Available to all registered organized
group members
• Loans available after 6 weeks of
operations
• Monthly savings of not less than Kshs
1,500 per month or Kshs 300 per week.
• Loans are 4 times the savings balance
• Interest Rate on reducing balance.
• Repayment Period of up to 36 Months.
Chama loans
• Available to organized registered
groups for asset acquisition
• Loans available after 6 months of
operation
• Security: Title deed, logbook
• Minimum members of a chama
should be at least 5 members
• Consider 90% of contributions
during lending.
• Interest Rate on reducing balance.
Other Loans
Jijenge Loan
• Available to all Jijenge
account holders
• Amounts are 4 to 5 times the
balance of the Jijenge savings
• Maximum repayment period is
up to 84 months
• Security: guarantors, title deed
and logbook
Society Development Loan
• Available to cooperative societies
• Loans are up to Kshs 50,000,000/=
• Maximum repayment period of up
to 60 months
• Interest rate is at a reducing balance
• 2/3 rule must apply
• Security: Title deed, logbook, and
fixed deposit
Asset Finance Loan
• Available to all members
• Loan is from 80% of the total purchase price.
Customer to meet the balance of 20%
• Maximum repayment period of up to 60 months
• Interest rate is at a reducing balance.
• The vehicle must be comprehensively insured under
MAPA insurance agency.
• 2/3 rule must apply
• Security: Title deed, logbook
• On tracking, for high value vehicles e.g. 3million and
above, to be installed with 2 trackers.
• In case of a motor vehicle, joint registration must be
done, and logbook will be held by the Sacco until loan
id fully paid.
• The motor vehicle should be less than 8 years of age.
Overdrafts Loan
• Available to all business enterprises
• Accounts with deposit turnover more than
Kshs 100,000 per month
• Security: Title deed, logbook
Trade Financing
(LPO/Invoice Discounting/
Performance Bonds)
• Available to all our customers
• Maximum 2/3 of the LPO with a
maximum of Kshs 500,000/=
• Invoice discounting is also
incorporated.
• Amounts above Kshs 500,000/-
must be secured by either Motor
Vehicle, title deed or fixed deposit.
Insurance Premium Financing
• Available to all our
customers
• Loan for insurance
premium payment
• Maximum period is
up to 10 months.