Requirements and Features:
- A member will be eligible for a loan of up to three quarters their deposits in the Main Savings Account up to a maximum of Kes. 1 million.
- The loan shall attract an interest rate of 0.83% per month on a reducing balance.
- The repayment period shall be a maximum of 9 months.
- The Loan Security is member’s own deposits in the savings accounts.
- A member can have this product and any other loan product with the Sacco.
The following are the requirements:
If you are employed:
- Duly filled loan application form
- Copy of Kenyan ID or Kenyan valid Passport
If you are Self-employed or Contract:
- Duly filled loan application form
- Copy of Kenyan ID or Kenyan valid Passport
How to apply for a Msafiri Loan:
- Click on member login and complete in its entirety.
- Depending on your employment status (employed or self-employed), attach copies of supporting documents.