Features

• The use of the funds to meet the minimum criteria as per the policy definition of what constitutes a project.
• Loan term is up to 6 years (72 Months) depending on the nature of the project.
• It must be secured
• Maximum loan granted is Customized to Customers’ Needs.
• Interest of 14 % p.a on reducing balance.
• Financing age as per NARETO UWEZO Asset finance schedule
• Imported assets of up to 12 Months.
• Loan term Asset Finance of up to 3 years. (36Months).
• Asset used as security or Hybrid Security acceptable to Sacco.

Benefits

• As our member, you will be able to realize your projects without strain.
• Members health insurance.
• Up to Three Months’ Moratorium period.
• Flexible repayment options.

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.