The Development Loan is tailored to support members in achieving personal and financial growth. It enables members who have been part of the SACCO for at least three months to access funds for major personal development projects such as home improvement, business expansion, education, or other long-term investments.

This loan offers flexible repayment terms and a competitive interest rate, making it suitable for members seeking to enhance their financial stability and quality of life. It is one of the SACCO’s key products for empowering members toward sustainable development.

Features Include:

❖ Repayable over a maximum period of 60 months
❖ Competitive Interest rate on reducing basis
❖ Based on BOSA deposits as a multiply of 4
❖ 2/3 rule is applicable in loaning
❖ Photo copy of ID
❖ Two passport photographs
❖ Two pay slips
❖ Copy of KRA pin
❖ To have four guarantors