KEMU Sacco now allows for group membership (min 10 members - max 20 members), who can borrow upto two times (2X) of their contributions. Maximum amount is Kes 200,000.
Loan Application to be done by the Group Executive Committee.
Terms and conditions apply.
In this product, valuation/charge of the collateral will be done by the SACCO’s appointed valuers, and the charge cost to be borne by the member applying for the loan. The loan advanced will will be a percentage of the property as follows: Motor vehicle - 70%, Land - 90%. Terms and conditions apply.
We provide 80% financing for a new vehicle and 70% for a used vehicle, at an interest rate of 14% pa. The repayment period is 48 months. The processing fee is only Ksh. 1000/=. This loan is not pegged on SACCO savings but valuation will be done by SACCO’s appointed agent. Terms and conditions apply.
This product is for members outside the common bond and one does not need a pay slip/not salaried. However, a bank statement of the member’s bank account should be attached, and the loan should be guaranteed by common bond members. We give up to two times (2x) of one's savings, at a repayment period of 24 months, and an interest rate of 12%. Terms and conditions apply.