This loan is expected to meet members development needs.
- Total outstanding loans must not exceed 3 times member’s deposits.
- This is designed for members who want loans above KES. 1.5 million.
- Interest rate is 12.5% per annum on reducing balance.
- 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.