This is a short to medium term loan granted to customers for purchase of capital assets, mainly motor vehicles, construction equipment, industrial plant & machinery, agricultural equipment and Land.
School Fees Loan
This loan is meant for educational advancement. It may be taken out by parents/ guardians to pay for their students or individual members who want to pursue education.
Mjengo Loan is a product designed to enable our clients access funding towards purchase of a house or the construction of residential and or commercial buildings.
Do you need to purchase farm inputs such as fertilizers, chemicals, machinery hiring, labor and harvesting costs? All you need is to have made share contributions for a period of six months to qualify!
This is a short term loan granted mainly to salaried customers.
Loan Purchase Order
The loan being purchased should be a performing loan, proof of which should be given to the credit officer for evaluation. Members are required to give security for the loan.
Medical bills can be overwhelming, especially if they are unexpected. This is an emergency loan based on members’ normal shares and thus a member can qualify upto 3 times of their shares.
The member must be operating a current account with us. If not, then they must be having normal shares, a minimum of a third of the loan amount applied.
Chama loan is designed to enable registered self-help groups, welfare and investment groups to acquire loans for wealth creation of its members