This product is developed for the members who wishes to take loans for big projects and have already exhausted their 3 times deposit.
- Maximum loan amount KES. 10mn.
- Interest rate 13% pa.
- Total outstanding loans must not exceed 4 times member’s deposits.
- Maximum repayment period is 72 months (6 years).
- Security options: Guarantors’ deposits, member deposits or property
- Full Sacco membership of at least 6 months and evidence of ability to pay.
- Member who has no default history for last 1 year