This product is geared towards supporting small scale entrepreneurs to improve their income generating activities.

Basic Requirement

• Must be a member of Jamii Sacco with minimum savings of ksh 3,400 for a period of 8 weeks.
• Registration fees-Ksh 300 per member.
• Minimum voluntary savings ksh 200 per week or 800 per month.
• Must be willing to abide by Jamii Sacco lending policies, rules and regulations.
• Must provide adequate security for the loan/fully guaranteed by group members.
• Must be a member of a registered self help group operating an account with Jamii Sacco.
• Must provide current 6 months business record book.
• Granted three(3) times a member's Micro Credit savings.
• Granted up to a maximum of Kshs. 3,000,000
• Interest rate of 15.5% pm or 1.29% pm on reducing balance.
• 2.5 % appraisal fee is applicable.
• Maximum repayment period is 24 months.
• Copies of Business documents such as certificate of registration ,KRA PIN and business assessment report/audited report must be provided

Benefits:

• Loans between Ksh 10,000 (min) and Ksh 2,000,000(max) will be made available to individual members in the Micro-credit Program to assist them start or expand own micro-enterprises.
• Loans are granted 3 times of a member micro/Biashara savings.