Loan Requirements

To qualify for a loan from the Sacco one should meet the following requirements:

1. Be an active member of the Sacco with regular deposits contributions
2. Must have paid (or is paying) the minimum share capital requirement by the Sacco
3. Must have been a member of the Sacco for at least three months
4. Must have a regular source of income to support loan repayment (salary, business, farming etc.)
5. Must provide security to for the loan applied for such as guarantors, logbooks, title deeds etc.
6. All deductions should not exceed 2/3 of gross salary
7. Three most current pay slips certified by the employer
8. Must have good loan repayment history i.e. no adverse CRB listing.