Mazao Loan - Nareto Uwezo Farmers Cooperative Society Ltd

Mazao Loan

Against a definite expected income (money received on a regular basis from work/investment), you can secure an advance loan on it.
Up to 6 months’ loan targeting all Cooperative members to finance emerging member’s needs based on market realities.
Loan offered against definite expected income stream. Seasonal lump sums e.g. mini and main tea bonus, pensions among others.

Features

Up to 75% of previous year’s dividends.
10% interest upfront.
Security is current year’s dividend NARETO UWEZO Self-Guaranteed Loans.
Up to 70 % of deposits.
Member must not be a guarantor.
Interest is 1% per month on a reducing balance.

Benefits

Flexible borrowing options.
The application process is short and simple.

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