This Loan is granted three times of the member's total deposits is repayable in 48 months.
Basic Requirement
- One must be a member of Jamii Sacco.
- One must have contributed for at least 6 months.
- Interest rate is 1% per month or 12 % per annum on reducing balance.
- A duly Completed loans application form.
- Original current pay slips for three months.
- A copy of the members national identity card.
- One third (1/3) rule is applicable.
- Loan must be guaranteed.
Benefits:
- Quick processing and disbursement
- Payment period is 48 months
- Adjudicated once a month
