Details

Written by Super User

Category: Our Products

Published: 06 June 2017

Hits: 12766

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 Kshs. 3,400 for a period of 8 weeks.
• Registration fees Kshs.300 per member.
• Minimum voluntary savings Kshs. 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 14.5% per annum or 1.21% per month on reducing balance.
• 2.5 % appraisal fee is applicable.
• Maximum repayment period is 30 months.
• Copies of Business documents such as certificate of registration ,KRA PIN and business assessment report/audited report must be provided.
• To be cleared at 8% after 60% payment of the previous loan.
• The loan can be cleared after 12 months/ 1 year consistent repayment without default.

Benefits:

• Loans between Kshs. 10,000 (min) and Kshs. 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.

Details

Written by Super User

Category: Our Products

Published: 06 June 2017

Hits: 14896

The purpose of this product is mainly to assist members pay school fees for themselves or the children.

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
• Loan must be guaranteed.

Benefits:

• Granted 3 times the total  member deposits
• Payable in 12 months.
• Available within 24 hours

Details

Written by Super User

Category: Our Products

Published: 06 June 2017

Hits: 21528

This is a Top-Up loan granted to members with existing project and/or Normal loans and the features are as follows:

• Granted 5 times a member’s total deposits.
• Repayment period is a maximum of 96 months for members in the public service and 84 months for other members.
• Interest rate is 1.17% per month or 14 % per annum on reducing balance.
• Maximum limit of Kshs. 6,000, 000.00.
• Available to all members .
• Must be secured by guarantors and/or collaterals.

Details

Written by Super User

Category: Our Products

Published: 06 June 2017

Hits: 119702

This loan is granted to meet member emergency needs within the shortest time possible.The waiting period not being more than 24 hours.

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.
• One must have one emergency loan at a time.
• Loan must be guaranteed.

Benefits:

• Granted 3 times the member total deposits.
• Payable in 24 months.