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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

• • • 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.

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