Loans Products
Explore our range of loans products designed to meet your financial needs and goals.
Business Loan
Business expansion with flexible repayment terms.
Key Features
- Financing for business expansion/working capital.
- Loan Amount: Up to 3x member’s savings.
- Repayment Period: 6-24 months (flexible terms tied to cash flow).
- Collateral required (title deed, logbook, or personal assets).
Interest Rates
12 - 18% p.a. (reducing or constant, based on amount and tenure).
Requirements
- Valid national ID.
- Sacco membership (3+ months savings for existing businesses.)
- Proof of business ownership (business permit/registration).
- 6-month M-Pesa/Sacco/bank statements.
- Guarantor(s) OR collateral (title deed, logbook, or personal assets).
- Proof of income (business records).
- Completed loan application form.
Development Loan
Long-term real estate project financing.
Key Features
- For real estate/commercial projects.
- Loan Amount: KES 2,000,000+.
- Repayment Period: Up to 48 months.
- Secured by collateral (title deed or logbook).
Interest Rates
0.75 - 0.92% p.a. (reducing).
Requirements
- Valid national ID.
- Sacco membership (6+ months savings).
- Collateral required (title deed/logbook).
- Business plan (for commercial projects).
- KRA PIN certificate.
- Proof of income.
- Completed loan application form.
School Fees Loan
Get financial for school fee payments.
Key Features
- Loan Amount: KES 5,000-150,000 (based on fee structure).
- Repayment Period: 3-9 months.
- Guarantor(s) OR collateral (title deed, logbook, or personal assets).
- Option for direct payment to school.
- Grace period options
Interest Rates
2.5 - 3% per month (constant).
Requirements
- Valid national ID (parent/guardian).
- Sacco membership (6+ months savings).
- Guarantor(s) OR collateral (title deed, logbook, or personal assets).
- School invoice/admission letter.
- Completed loan application form.
Emergency Loan
Quick funds for urgent financial needs.
Key Features
- Quick processing (urgent needs).
- Loan Amount: KES 4,000 - 40,000.
- Repayment Period: 1 month.
- Minimal documentation.
Interest Rates
8% per month (constant).
Requirements
- Valid national ID.
- Sacco membership (6+ months savings for non-business applicants).
- Guarantor(s) (notified prior to disbursement) OR collateral.
- 6-month M-Pesa/Sacco statements (first-time applicants).
- Completed loan application form
University & College Student Loan
Invest in your future through education
Key Features
- Covers tuition and accommodation.
- Loan Amount: Up to KES 150,000.
- Repayment Period: 6 - 9 months (extensions not permitted per policy).
Interest Rates
2.5 - 3% per month (constant).
Requirements
- Valid ID/passport (student/parent).
- Sacco membership (6+ months savings).
- Guarantor(s) (notified prior to disbursement) OR collateral.
- University/college admission letter and fees structure.
- Completed loan application form.
Jiokoe Loan (Personal Loan)
Personal short-term loan, fast approval.
Key Features
- Short-term personal needs.
- Loan Amount: Up to KES 40,000 (aligned with Emergency Loan).
- Repayment Period: 1 - 3 months.
- Guarantor(s) OR Collateral required.
Interest Rates
8% per month (constant).
Requirements
- Valid national ID.
- Sacco membership (6+ months savings).
- Guarantor(s) OR collateral (title deed, logbook, or personal assets).
- Proof of income (salary slip/business records).
- Completed loan application form.
Medical Loan
Medical expenses covered, flexible repayment.
Key Features
- Covers emergencies/planned procedures.
- Loan Amount: KES 40,000 - 250,000.
- Flexible repayment period: 6 - 12 months.
Interest Rates
2.5% (constant) or 1.8 - 2.5% (reducing).
Requirements
- Valid national ID.
- Sacco membership (6+ months savings).
- Guarantor(s) (notified prior to disbursement) OR collateral.
- Hospital invoice/medical bill estimate.
- Proof of income (salary slip/bank statement).
- Completed loan application form.
Karibu Loan (Short-Term Loan)
Short-term funds, quick disbursement process.
Key Features
- Loan Amount: KES 1,000 - 20,000.
- Repayment Period: 2 months max.
Interest Rates
8% per month (constant)..
Requirements
- Valid national ID.
- Sacco membership (3+ months savings).
- Guarantor(s) (notified prior to disbursement) OR collateral.
- Proof of income (salary slip/bank statement).
- Completed loan application form.
Startup Loan
New business financing.
Key Features
- For new businesses.
- Loan Amount: Up to 3x savings (after 6 months of savings).
- Flexible repayment options.
- Mentorship support.
Interest Rates
12 - 18% p.a.
Requirements
- Valid national ID.
- Sacco membership (6+ months savings).
- Guarantor(s) (notified prior to disbursement) OR collateral.
- Business plan and financial projections.
- Proof of business registration.
- Completed loan application form
Chama Loan
Group investment financing.
Key Features
- Group financing for investment or projects
- Loan Amount: KES 50,000 - 1,000,000 (based on Chama savings history)
- Competitive interest rates
- Flexible repayment terms (6 - 18 months).
Interest Rates
1 - 2.5% per month (reducing/constant).
Requirements
- Valid national ID (Chama representative).
- Sacco membership (6+ months Chama savings history).
- Guarantor(s) (notified prior to disbursement) OR collateral.
- Chama registration certificate
- Completed loan application form.