Self-Guaranteed Loan

  • Savings Multiplier : 0.9%
  • Interest Rate : 1.5% (reducing balance)
  • Maximum Repayment Period : 18 months
  • Requirements :
    • No active loans
    • Not guaranteed any other loan

Description

Secure a loan against your own savings with favorable terms. Ideal for members seeking quick access to funds without external guarantees.

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