Normal Loan

A normal loan is designed for development purposes. It enables you purchase or build a house, purchase a plot, buy a car, start a business or even do large-scale farming.

Requirements and Features:

  1. Be a Sacco member with consistent contributions for a minimum of 3 months. Defaulters don’t qualify. Additionally, you will need to provide a collateral to qualify for a loan in excess of 90% of free main savings.
  2. You will be eligible for a loan of up to four times (x4) your current total Main Savings up to a maximum of Kshs. 5 Million subject to the one-third rule.
  3. The loan shall attract an interest rate of 12% per annum on a reducing balance.
  4. The repayment period shall be a maximum of 48 months.
  5. Pay a non-refundable loan-processing fee of 1% of loan amount subject to a minimum of Kes 10,000.
  6. Show proof of ability to repay the loan  by providing the supporting  documents
  7. The Loan Security is member’s own deposit and a charge on the accepted security, subject to the location of the property.(City – 90%, County – 80%, Rural – 50%)

The following are the requirements:

If you are employed:

  1. 3 latest paystubs (Notarized)
  2. Letter from employer confirming employment status (Notarized)
  3. Bank statements for the latest 3 months (Notarized)
  4. Copy of Kenya ID or Kenyan valid Passport
  5. Copy of the latest W2 Form issued by the employer
  6. Security – Copy of the title document of a property acceptable by the Sacco (Minimum lease term 35 years)

If you are Self-employed or Contract:

  1. Bank statements for the latest 12 months
  2. Copy of Kenyan ID or Kenyan valid Passport
  3. Business registration certificate
  4. IRS Business Tax Returns for the latest filing year
  5. Security – Copy of the title document of a property acceptable by the Sacco (Minimum lease term 35 years)
  6. 1099 Forms and/or any other supporting documents

Collateral: Securities accepted by the Sacco

The collateral to be used must be located and registered in Kenya. The following are the types of security/collateral that are acceptable.

  1. Legal Charge: This form of security is used in cases where property in form of land or lease is used as collateral. The security is perfected by creating a charge and registering an encumbrance against the property being held as collateral. . (City-90%, County Headquaters-80%, Rural-50%)

How to apply for a Normal Loan:

  1. Click on member login and complete its entirety.
  2. Depending on your employment status (employed or self-employed), attach copies of supporting documents.
  3. Pay a non-refundable loan processing fee of 1% of loan amount subject to a minimum of $100.

Loan Products

How to reach us

Offices and Contact Information

Crescent Business Center, 6th Floor
Parklands RD, Parklands
P.O Box 29800 – 00100 GPO Nairobi, Kenya

USA Tel: +1 678 398 7728 


Sacco Office Hours:

EAT: 08.00 Hrs – 02:00 Hrs
EST: 00:00 Hrs – 18:00 Hrs
CST: 23:00 Hrs – 15:00 Hrs
PST: 21:00 Hrs – 17:00 Hrs

Open: Mon – Fri
Closed: Sat – Sun