Loan available to help farmers meet their financial needs in boosting their farming business.
Features
- Member must be in the Sacco for at least 6 months and saving consistently.
- Guarantors and acceptable collaterals are required
- Terms and condition on self-guarantee apply.
- Interest is on reducing balance at a rate of 1% per month.
- The applicant is expected to make the required Monthly Contribution along with servicing the loan.
- Maximum repayment period is subject to the Sacco approved limit.
- Applicant shall be required to fill loan form and attach all documents required.