Sacco Loan Facilities

LONG-TERM LOANS

This product enables members to pay school fees for their children. The maximum period is 12 months.

Issued to a member with an outstanding development loan. Must been paid for at least 3 months.

Repayment period is 1 month upto 3 months. Interest rate 5.2%p.m. Ceiling amount is Kshs 150,000

Credit Product. Acumen Sacco Jijenge loan is issued at 5 times of our member's deposits.

Credit Product. The loan enables members to get funds for development.

Enables members to get funds for emergency with a repayment period of up to 12 months.

Repayment period is up to 48 months. Interest rate is 1.25% reducing balance. Loan amount is up to 3 times members’ deposit.

SHORT-TERM LOANS

Maximum amount of Kshs 20,000. Maximum repayment period is 1 months.

Member salary MUST be channeled through FOSA account. Maximum repayment period is 3 months.

Member rental income MUST be channeled through FOSA account. Repayment period is 1 months

Available 3 months prior to close of the year. Repayable after 3months.