Chama Loans - Nareto Uwezo Farmers Cooperative Society Ltd

Chama Loans - Nareto Uwezo Farmers Cooperative Society Ltd

Chama Loans

As a group or Chama looking to finance your big dream aimed at a common target, this loan facility is ideal just for those plans.

Features

Loan up to a maximum repayment period of 4 years.
Chargeable Security
Loan Security Deposit
Group or Company Savings Account.
Interest of 14 % p.a on reducing balance.
Loan given 4 times cumulative group savings.
Maximum loan is KES. 3,000,000 and minimum loan is KES. 10,000

Requirements

Certified copy of Constitution/Rules/By-laws Group constitution.
Certified copy of Certificate of Registration or Exemption Certificate.
Certified copy of Board Resolution.
List of Registered Officials.
Certified copies of ID or Passport and PIN of Officials and/or Signatories.
One (1) Passport size photograph of Directors and/or Signatories.
PIN for the Organization.

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