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Our Products

Norma Loans

This is a loan given to members for normal development purposed for a period between 13months and 48months.The members are loaned four times of their deposits at an interest rate of 12%P.a

Emergency Loans

This loan is granted to members based on the type of emergency. This type of loan attract an interest rate of 12% p.a and repayable over a period of one Year and requires supporting documents.

Rudi Tena Loan

The loans are granted to members with existing running loans from the Sacco. The member is charges 5%of the remaining balance. The loan repayment period is between 13months and 48months.The members are loaned four times of their deposits at an interest rate of 12%P.a.

Rudi Nyumbani Loan

The loans are granted to members with existing running loans from other institution. The member is charges 5%of the remaining balance. The loan repayment period is between 13months and 48months.The members are loaned four times of their deposits at an interest rate of 12%P.a.

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Refinancing Loan

Refinancing Loan-The loans are granted to members with existing running loans from the sacco and have not completed their project which they had started with the prevailing loan. The loan repayment period should be within the remaining period of existing loan at an interest rate of 12%P.a.

Normal Plus Loan

This is a loan given to members for normal development purposed for a period between 13months and 60months.The members are loaned a maximum of five times of their deposits at an interest rate of 13%P.a.

Rudi Tena Plus Loan

The loans are granted to members with existing running loans from the Sacco. The member is charges 7.5%of the remaining balance. The loan repayment period is between 13months and 60months.The members are loaned a maxmum of five times of their deposits at an interest rate of 13%P.a.

Refinancing Plus Loan

The loans are granted to members with existing running loans from the sacco and have not completed their project which they had started with the prevailing loan. The loan is granted to a maximum capacity of five times their deposit and take into the remaining balance the repayment period is a maximum of five year and charged at interest rate of 13%P.a.

Guarantors System

Unlike in the bank loaning system, the Sacco loans are advanced by the Sacco without collateral. Instead of collateral, the loans are advanced with the support/commitment of other members of the society who become guarantors to the loans.

The By-law provides that Sacco Loans security is the guarantor’s savings. Therefore, when a member defaults in making payments, the guarantors’ shares are taken by the Sacco to offset the loan balance.

The provision is also that:

The Guarantor Responsibility

For the guarantor to ensure the loanee is servicing the loan, the guarantor can enquire from the Sacco office and follow up the member immediately if the loan is not being serviced.

Guarantors Right

Guarantors Max Loanees

The loan repayments, as well as the savings, by members are made on a check-off system whereby members authorize the employer to be making monthly deductions from the members’ salaries, and then the employer remits these amounts to the Sacco.

PCEA SACCO LTD

Mon - Fri: 9:00 - 17:00

+254 720 403 460

Muhoho Avenue, South C