Start-Up Loan

Start-Up Loan

The Start-Up Loan is designed to support newly employed members or those beginning their financial journey with the SACCO. It provides the necessary funds to help members settle into employment, manage initial expenses, and establish financial stability during their early working period.

This facility is ideal for individuals who may not have built substantial savings but have a consistent income flow. With flexible repayment terms and affordable interest rates, the Start-Up Loan offers an excellent foundation for members starting their professional or financial life.

Features Include:

Available to new employees or recently joined members
Loan limit: based on the member’s salary and repayment ability
Repayment period: up to 12 months
Competitive Interest Rates
Must have an active FOSA account for salary or proceeds processing
Requires copy of national ID, KRA PIN, and passport-size photo
Must provide three guarantors for security

The Start-Up Loan gives new members the financial boost they need to settle comfortably, build confidence, and start their journey toward long-term financial growth with Tenhos SACCO.