This product assists Kimisitu Sacco Corporate Members finance their business or trade needs.
Product Features:
- Multiplier of X4 member deposits
- Interest rate 1.08% per month on reducing balance
- Repayable in 36 months
- FOSA deposits to be held in lien as additional collateral for the loan
Requirements
- 3 years audited financial statements
- Demonstrated business records/working business plan
- Business licenses and permits
- Member MUST have operated account for 6 Months