NORMAL LOAN

This is a product that caters for the members’ development needs. It has a multiplier of two, based on a member’s deposits, after saving consistently for six months. Members have often exploited this product to renew their vehicles and this has helped to ensure that the Sacco fleet retains well-conditioned vehicles that satisfy our customer preferences.

Being a back office product, this loan is accessible to members with back office deposits and   at least an operating matatu.

It requires a logbook(s) as collateral as well as guarantee from qualified members, verified and approved by the loans office.

The whole process until funds disbursement takes a maximum of two weeks.