Jiendeleze Loan is a short term Loan taken to take care of unexpected events

The Key product features  include:

• Repayment period 6 months
• An interest rate of 6% fixed per month
• Processing fee of 2% paid up front.
• Maximum entitlement Ksh 200,000.
• A member is entitled to only one Jiendeleze loan at a time.
• Guarantors required.
• Maximum entitlement is 3 times total deposits less other loans.
• Loan approved within 7 working days

 

Requirements

• That You need to be a SACCO member for six months and have met the loans eligibility criteria.
• That a duly completed loans application form will be required.