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Development loan

Product Description...

  • Loan issued three times your savings
  • Payable in 60 months
  • Interest rate – 1% on reducing balance
  • Self-Guarantee up to Maximum Savings
  • Guarantors required – not less than three guarantors
  • Max loan is Kshs 10 Million
  • Loan Application dully filled.

Product Service Level Agreement.

  • Approval and disbursement within 1 week through FOSA
  • Disbursement also available through EFT/RTGS to specified accounts within 2 weeks
  • Old terms

  • Loans received in the office by 20th of every month
  • Vetting and approval between 20th & 25th of every month.
  • Approval from Credit latest 30th of every month
  • Cheques issued between 4th – 10th of preceding month
  • Where an application is received after 20th, then it will be considered for approval in the following month

Last modified on Sunday, 01 October 2017 12:13
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Our Vision and Mission

To be the financial services partner of choice

 

We transform our members’ lives through provision of affordable, innovative and accessible financial services

Our Location

We have two offices in Nairobi:

Main Office, Westlands Safaricom Care Centre (SCC) First Floor.

JCC Office, Mombasa Road, Sarin Park (JCC) Ground Floor

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