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...