Micro credit loan product features
1. Chap chap loan
- It is a savings based product
- Multiplier of 5 times deposits
- Maximum period is 12 months
- Interest rate is 1.17% pm flat rate
Available to
Boda boda operators and boda boda owners
2. Chama loan
- Savings based product
- Has a loan multiplier of 5 times deposits
- Available to those who have graduated from pamoja
- Maximum period 12 months
- Attract interest rate at 1.17% pm flat rate
Available to
1.Registered groups of either ;self-help groups ,women groups and youth groups
2. young saccos and multipurpose
3. pamoja loan
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- Savings based products
- Loan multiplier of 5 times the deposits
- Interest rate of 1.17%PM flat rate
- Period ranges between 12-48 months
- Level one has a maximum period of 12 months
- Saving culture of kshs 500 per member for 8 (eight) weeks before taking up the 1st loan.
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Given in loan levels of ;
1st level = kshs 20,0000 per member
2nd level = kshs 40,000 per member
3rd level = kshs 60,000 per member
4th level - graduated to either binafsi or chama loan
Available to
- Registered to groups under the following categories ; self help groups, women groups ,youth groups .
- Require membership of 5-15 members.
4 pamoja plus loan
- Savings based product
- Multiplier 3 times deposits
- Interest rate of 1.17% pm flat rate
- Issued as an additional loan (TOP UP LOAN)
- Though initial ceiling shall not be exceeded
5. Binafsi loan
- Savings based product
- Multiplier of 4 times the deposits
- Period ranges between 12-48 months
- Interest 1.17%PM flat rate
- Requires 6 (six) months business statement .
- Loan securities are not limited to tittles and log book
S/No. | Loan product | Deposits | Interest rate | Period |
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1 | CHAP CHAP LOAN | 5 TIMES | 1.17% PM FLAT RATE | MAX 12 MONTHS |
2 | CHAMA LOAN | 5 TIMES | 1.17% PM FLAT RATE | MAX 12 MONTHS |
3 | PAMOJA LOAN | 5 TIMES | 1.17% PM FLAT RATE | 12-48 MONTHS |
4 | PAMOJA PLUS | 3 TIMES | 1.17% PM FLAT RATE | 3 MONTHS |
5 | BINAFSI LOAN | 4 TIMES | 1.17% PM FLAT RATE | 12-48 MONTHS |