Jitegemee Loan

Purpose

This products are for members who already have the first two types of loans and are looking for the third or fourth facility.

Features

    • Total outstanding loan should not exceed 3 times member’s deposits.
    • Interest rate is 14.5% per annum on reducing balance.
    • Maximum repayment period is 60 months (5 years).
    • Security options: Guarantors’ deposits, member deposits or property.
    • Full Sacco membership of at least 6 months and evidence of ability to pay