Group product

Registered to Groups

  • Must have saved for a minimum of six months
  • Maximum amount 3 times of savings or Kshs.2Million whichever is lower subject to ability to repay within 70% of the monthly savings
  • The interest rate to be 15% per month on declining balance.
  • Maximum repayment period 36months
  • Tangible collateral or guarantee by the group members
  • The minimum monthly contribution after borrowing should be at least 1% of the loan
  • Application must be signed by authorized signatories
  • At least one member to donate the security.

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