Traditional loans from banks can be difficult to access, with high-interest rates and stringent eligibility criteria. Our SACCO loans provide a better alternative for members who need financial support for personal or business needs. With lower interest rates, flexible repayment terms, and a focus on community growth, SACCO loans are designed to give you the financial boost you need without the financial burden.
How SACCO Loans Work:
SACCO loans are made available to members of our welfare group who have contributed to the fund. Members can apply for loans to cover personal, educational, business, or emergency expenses. The loan application process is simple, and repayment terms are tailored to fit your financial situation.
Key Benefits:
Low-Interest Rates: Access credit at a much lower cost than traditional bank loans.
Flexible Repayment Terms: Repay your loan on a schedule that suits your budget.
Quick Access to Funds: Get the financial support you need when you need it the most.
Support Your Goals: Whether it’s expanding your business or funding an educational pursuit, SACCO loans help you achieve your dreams.
Eligibility for SACCO Loans:
All members of the welfare group who have been contributing regularly to the SACCO fund are eligible to apply for loans. Eligibility depends on your contribution history and your ability to repay the loan.