Development Loan - Nareto Uwezo Farmers Cooperative Society Ltd

Welcome to Nareto Uwezo

(254) 795-866-132

(254) 793-558-180

4th Floor, Room 407, Portal Place

Muindi Mbingu Street, Nairobi, Kenya.

Email:

info@naretouwezo.co.ke

Development Loan
development loan

This is an all-purpose loan facility advanced to all Members planning to make improvements on or fund an investment.

Features

  • Have maintained an active account with NARETO UWEZO Cooperative.
  • Loan term is up to 5 years. (60 Months).
  • A member can access only one development loan at a time.
  • Interest rate chargeable shall be 12%.
  • Maximum entitlement shall be 3 times of total deposits and Shares.
  • Ability to pay within 2/3rd of income.
  • The shares shall entitle maximum limit but will not be used to secure the loan.

Requirements

  • You need to be a Sacco member.
  • A duly completed loans application form.

Security Options Include:

  • Land Titles.
  • Sacco Deposits.
  • Guarantors.
  • Certified fixed deposits.
  • Movable assets acceptable as security (collaterals) by the Sacco.

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