Available to all members who plans to acquire an Assets i.e. land, machineries, mort vehicles among others.
Requirements
- One must have an active account in the Sacco.
- Asset is jointly registered with the Sacco.
- All legal fees, valuation fees and other transactions charges shall be borne by the applicant
- The applicant is expected to make the required Monthly Contribution along with servicing the loan
- The applicant credit history is a major determinant
- Interest is on reducing balance at a rate of 1.5% per month
- Repayment period is subject to the Sacco approved limit.