Loans and Deposits

Normal loans are granted for a period of up to 72 months to members who don’t have any other outstanding loans. These are given for development purposes e.g. buying land, building etc.

These are granted to members who have loans with other institutions like banks, microfinance at a charge of 2.5% of the existing bank loan.

This product just as the normal plus its repayable within 84 months and given five times of members savings but it differs with the normal plus in that its granted to a member who has an existing loan whereby the existing loan balance is offset and charged 2.5%.

These are given to church institutions and groups, Parishes, Sessions. They are given up to 5 times of their savings with a maximum repayment period of 5 years with guarantors or collateral as security. Given up to 5 times of deposits. Six months bank statement. Security i.e Guarantors or collateral. For PCEA Church institutions the Secretary General approval letter is required.

This product is given five times of member’s savings and repayment period of up to 84 months. It is granted to members who don’t have any other existing loans.

These are granted to members who already have loans with the Sacco but have not completed the project they had started with the initial loan (Normal loan and Rudi tena loans). The repayment is within the remaining period of existing loan.

Emergency loans are defined by purpose and must be accompanied by supporting documents. The repayment period is 12 months.

These are granted to the members who already have loans with the Sacco. The member is charged 2.5% of the remaining balance.  

This is a refinancing loan granted to members who have not completed their projects after taking Rudi tena plus or normal plus loans. Repayment is within the remaining period of the existing Rudi tena plus or normal plus loans.

Niokolee Tafadhali

This is a short term loan applied and disbursed through mobile application at 6% pm. Repayable over one month with a maximum repayment period of 3 months.