AEA Plaza, Valley Road
+254 709 136 000
Mon - Fri 08.00 - 05.00

This is an advance designed to enable members of the Chama, who are also members of the Sacco to get a quick loan for their individual personal development/projects.

Chama chapchap appreciates that as members save together, they also excel individually to enhance their economic and social well being.

Product Features:

  • Loan limit Maximum of Ksh.500,000
  • Repayments period 24 months
  • Interest Rate 1% per month on reducing balance
  • Personal and Chama guarantee
  • Cash cover(Chama deposits held in lien)
  • Chama deposits can secure 50% - 95% of the loan

 

Requirements

  • Registration certificate
  • Must contribute for 6 months
  • Chama must have contributed for 6 months

N/B:

A chama must be registered as a company to access a loan

Our Mission

We are committed to championing the financial independence of all our members. We offer ourselves as partners for life.

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