Products
Digital Loans
Members can access digital loans using the Jamii M-Cash App or USSD code *879# or *806# and select Loans>>Borrow>>Select type of loan product.
1. Jamii M-Cash Loan
- The loan is applied and granted through the mobile phone.
- The maximum loan amount is Kshs. 50,000
- Must have paid up at least half of the required minimum share capital of Kshs. 20,000
- The interest rate will be 5.3% for one month, 6.3% for 2 months, 7.3% for 3 months, 8.3% for 4 months, 9.3% for 5 months charged on the principal loan one-off. The interest will be accrued and not recovered upfront.
2. Jamii Mshahara Loan
- Granted 3 times 80% of the average of last 3 months net salary.
- A maximum repayment period of 6 months.
- The interest rate of 8% monthly is payable together with the principal amount.
- Secured by the member's salary.
- Must be a member for at least 6 months.
- It's available to members whose salaries are paid through Jamii FOSA account.
3. Wiki Loan
- One must have been a member for at least 3 months
- Minimum amount to borrow is Kshs. 2,000
- Maximum amount to borrow is Kshs. 20,000
- Must have paid up to at least half of the required minimum share capital of Kshs. 20,000
- Interest of 3% paid upfront.
- Open any day of the week.
- Repayable within 7 days.
4. Jamii Advance 3 Loan
- This is a seasonal product granted to members and is recoverable from the interest rebate/dividend when declared and paid after the AGM.
- A commission of 10% of the advance paid is charged upfront.
Want to apply for a loan?
- Get the loan application form...