Booster Loan

  • Savings Multiplier : 0.5%
  • Interest Rate : 2% (reducing balance)
  • Maximum Repayment Period : 6 months
  • Requirements :
    • No Active Development Loan

Description

Enhance your development projects with a booster loan. This supplementary financing option is designed for members already holding an active development loan.

Additional Information

  • The Power of Guarantors :  Guarantors provide an extra layer of security for the Sacco. This helps us recover loans in the event of default, protecting our member’s investment.
  • The Benefits of Cell Groups : We understand that finding guarantors can sometimes be a challenge. That’s why we created cell groups. These groups, based on shared interest or location, allow members to support each other as guarantors, opening up more loan opportunities.
  • Your Responsibility : Make timely loan payments to maintain good standing and keep our Sacco strong. If you’re facing trouble, talk to us – we always want to help our members.
Join Us & Secure your loan