In its endeavor to realize its vision and mission, Jamii SACCO upholds the following core values: Integrity, Professionalism, Customer Focus, Teamwork, Innovation and ICT.

New Member Joining Requirements

Apply for a Loan.
School Fees Loan
Development Loan
 
M-Cash Loan
elder
 

What We Have Done Latest Video

Investment or Micro-credit

Recent Highlights News & Events

Click on the following links to get more information on the LOAN products;

Digital Loan Products

Short Term Loans

SHORT TERM LOANS

 

Micro Credit Loans

MICRO CREDIT LOANS

 

Long Term Loans

LONG TERM LOANS

 

 

  1. Asset Finance loan
  2. Jamii Normal Loan – Granted 3 times member deposits and is recoverable in 48 Months.
  3. Jamii Project Loan
  4. Mustaafu loan
  5. Jiinue loan   

 

 

General Loaning Conditions

GENERAL LOANING CONDITIONS

  • A member must have contributed for at least 6 months to access all the other loans except Asset Financing where a new member is expected to contribute for at least three (3) months before being considered for a loan.
  • A member must attach all the necessary documentation including original payslips, and copies of ID cards and any other stated requirements.
  • A member must complete, sign and date the loan form.
  • All the guarantors must provide their details in the loan form.
  • Loan application forms must be endorsed by the delegates as applicable.
  • The SACCO conducts a confirmation search from CRB and any listed member cannot be considered for a loan.
  • Loan processing for short-term loans takes 24 hours while long-term loans take 48 hours to 3 weeks for Asset Financing with all required documentation in place. Security options for acquiring a loan are Guarantors (who should be payroll-based members of the SACCO), and Title Deeds for urban properties.
  • Loans are granted at 60% of the forced value of the Motor Vehicle Log Books, which do not exceed 10 years old and must be valued and charged.
  • Other securities include regular remittances e.g. monthly savings, pension remittances, Special Deposit Account (SDA) among others.
  • Repayment and collection will be made either through check off, standing order, pay-bill or cash.

GUARANTORS/COLLATERALS.
i) Gurantorship.

Members are allowed to guarantee up to a maximum of 20 long term loan applications. Members with default history will not be allowed to guarantee new loans.

ii) Other Acceptable collaterals.

  • Deposits: Any form of deposits or non-withdrawable savings is acceptable such as Special Deposit Account (SDA)/Golden Savings.
  • Land Titles: Land titles for urban areas including Jamii Housing Co-operative Society plot titles.
  • Car log books: For vehicles not exceeding 10 years subject to valuation.

NOTE:

  1. Land Share Certificates are not acceptable.
  2. Cost of valuation and charge to be borne by the member.
  3. Car logbooks to be co-owned with the SACCO.
  4. Land Titles to be charged and members to meet the legal charges.

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Jamii Sacco

Head Office: Jamii Sacco Court, Mukenia Road, South
‘B’ Next to Mater Hospital
Address: P.O. Box 57929 Nairobi 00200 Kenya
Tel: +254 (020) 552477/48 / +254 (020) 6552523
Mobile: +254715961545/ +254712852762
Email: info@jamiisacco.com

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