Our Products

OUR LOAN PRODUCTS

Karibu Nyumbani Loan

Is a loan for new members on check-off

  • Have a payslip
  • Deposits deducted on loan approval
  • 3 times multiplier of individual deposits
  • Repayment period of 24 months
  • Dully filled loan application form
  • 1.3% interest rate per month on reducing balance

    • Emergency-Loans

    Emergency loan

  • 3 times multiplier of individual deposits
  • Repayment period of 12 months
  • 1.3% interest rate per month on reducing balance
  • Only one emergency loan can be given at any one point

    • b2

    Educational Loan

  • 12-month repayment (School Fees Loan)
  • For higher education, 24-month maximum period
  • 1.3% p.m. interest on reducing balance
  • One loan at a time

    • dev-loan

    Development Loan

    This product is intended to empower members undertake development projects with longterm benefits e.g Residential and Commercial buildings, Business ventures and other investments

  • Repayment period of 60 months
  • 1.3% interest rate per month on reducing balance

    • Refinancing loan

  • This loan gives member's ability to access higher amount within an existing loan, under fresh terms.
  • Loan is refinanced subject to terms and conditions of that particular loan product and a commission of 5% charged on outstanding loan balance

    • retirement

    Senior Saver Loan

    Is a loan for member in formal employment approaching retirement

  • 3 times multiplier of individual deposits
  • Repayment period of 24 months
  • Dully filled loan application form
  • 1.3% interest rate per month on reducing balance

    • Mstaafu Dhabiti Loan

    Available to members who have retired from formal employment

  • 3 times multiplier of individual deposits
  • Repayment period of 60 months
  • Guarantors must be from existing membership
  • Proof of pensioner's ability to repay the loan
  • 1.3% interest rate per month on reducing balance

    • group-loan

    Jipange Group Loan

    As a group or chama looking to finance your big dream aimed at a common target, this loan is ideal for those plans

  • Loan up to 5 years
  • Chargeable security
  • Loan security deposit
  • Group or company savings account
  • Low interest rates
  • There is co-guarantor-ship if borrowing as a group
  • Flexible repayment terms