March 6, 2025

Our Products

Our Products

Share Capital

The organization’s share capital requires a minimum of 10 non-withdrawable shares per member, each valued at Ksh 500, totaling Ksh 5,000. Once this amount is reached, members qualify for year-end dividends and it also becomes a factor in loan eligibility. This structure ensures financial stability and long-term member commitment.

Deposit Savings

This product is designed to assist members in saving money while simultaneously serving as a loan multiplier. By encouraging regular savings, it not only helps members build a secure financial foundation but also enhances their eligibility for larger loans. This dual functionality empowers members to achieve their financial goals more effectively, allowing them to leverage their savings to access greater financial resources when needed.

Loans

Loan qualifications:

Must be a registered member.
Must have saved consistently for at least 6 months
Must have sufficient guarantors/collaterals
Loan is times 3 your deposits
Must have fully subscribed to shares.

Loan Products

Quick Loan (QL)

Quickly accessed through mobile phones.
50% of available savings
Maximum amount Ksh50,000
1month repayment period

Express Loan (XL)

Maximum amount 100,000
4 months' maximum repayment period
No pay slip required

Salary Advance (SL)

Open to salaried members to meet short term
3 times mandatory savings
4 months maximum repayment period

Emergency Loan (EL)

For proven emergency situations
12 Months maximum repayment period
3 times mandatory savings

Education Loan (EL)

To help members pay school fees on time
12 months’ maximum repayment period
Payment directly to the school account

Normal Loan (NL)

3 times mandatory savings
18 months’ maximum repayment period

Business Loan (BS)

For starting or expanding businesses
3 times mandatory savings
36 months’ maximum repayment period

Logbook Loan (LB)

Loans against motor vehicles
36 months’ maximum repayment
period
Zero mileage- 80% of MV, 7 years and below- 60% of FSV : >7<20
years- 40% of FSV

Asset/ Motor vehicle
Financing (AF)

Facilitates acquisition of motor vehicle's and other assets
5 years maximum repayment period
Joint ownership or charging of asset.

Development Loan (DL)

For property development purposes
3 times mandatory savings
6 years maximum repayment period

Property Financing (PF)

Facilitates property acquisition
10 years’ maximum repayment period
Joint ownership or charging of property.

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