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

For organized groups and Chamas to undertake long term land and housing projects for its members, for their Individual, Residential or Investment purposes

Product Features:

  • Financing upto 100% for buying of land
  • For housing projects, we offer up to 105% financing
  • Repayments period 60 months for land
  • 144 – 180 Months for Housing
  • Interest Rate 1.2% per month on reducing balance
  • Monthly loan repayments (ability to pay) pegged on chama monthly contributions
  • Loan MUST be fully secured
  • Chama deposits to be held in lien as additional collateral for the loan

Requirements

  • Consistency in contributions to be observed i.e. 6 months average monthly contribution
  • Duly filled loan application form signed and SEALED by the Chama
  • Memorandum and Articles of Association (SEALED copy)
  • SEALED resolution to borrow by the directors of the chama in Kimisitu Sacco Format
  • Contribution schedule (Monthly)
  • Copy of title and sale agreement if the Chama is buying property or bill of quantities if doing construction

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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