This is a refinancing loan product.

This loan facility is like a top up that facilitates completion of an ongoing project/investment or can start a new project altogether.

Features:

• The loan has to be guaranteed by 6 guarantors who should be members of the Sacco,
• Maximum repayment period is 60 months,
• Interest rate is at 13% per annum on reducing balance.
• It is based on 3 times deposits
• Loan is processed within a month.