Loan Products
Development Loan (Majani Maendeleo Loan)
Target group Tea Farmers.
- Repayment period-12-24 Months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
School fees loan (Tea Farmers)
(Specifically for school fees only).-Ability to pay-(capacity)
- Repayment period-12 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
- School fees cheque
School fees loan (Masomo loan-Non tea)
(Specifically for school fees only).-Ability to pay-(capacity)
- Repayment period-12 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
- School fees cheque
Tea Advances (Majani advances)
i) One Month Crop (Majani one) Advance
- Repayment period 1 month
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
ii) 3 Months Crop (Majani Three) Advance
- Repayment period 3 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
iii) Mini Bonus(Majani Mini) Advance
- Repayment period 2 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
iv) Main Bonus Crop(Majani Main) Advance
- Repayment period 2 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
Salary (Mshahara) Loan
Target group- Salaried employees working with reputable institution with MOU with the Sacco
Category One
- Repayment period up to 24 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
- Fast salary processing
Category Two (Salary in Advance)
- Repayment period 1-3 Months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
- Fast salary processing
Pension Loan
Category One
- Repayment period up to 24 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
- Fast Pension processing
Category Two (Pension in Advance)
- Repayment period 1-3 Months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
- Fast Pension processing
Coffee (Kahawa) Advances
Target group-(Coffee farmers).
- Repayment period-12 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
- Fast Coffee payout processing
Emergency Advance (Okoa Jahazi Advance)
- Repayment period 1-3 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
Short term loan (Biashara pap advance)
- Repayment period Up to 3 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
Business Loans (MkopoBiashara)
Category One
- Repayment period up to 18 Months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
Category Two (Biashara Maendeleo Loan- Business people)
- Repayment period up to 36 Months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
Milk advance
- Repayment period-12 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
Milk loan
- Repayment period-24 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
Group loans (Target group Microfinance segment)
Wananchi Chama Loan.
- Repayment period Upto-24 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
Youth Enterprise Development Fund (Vijana Advance)
- Repayment period-Up to 36 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
Women Enterprise Fund (Target group Women)
- Repayment period-Up to 36 month
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
Vijana loan (VijanaTugutuke loans)
- Repayment period-up to 24 month
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
LPO FINANCING
Target group Local Purchase Orders.
- Repayment period-up to 3 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
ASSET FINANCING
Partnership with vehicles dealers, Roto tanks, mortgage companies, Water pumps, Agrimachinery, other plan machinery.
- Repayment period-Up to 36 month
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
HORTICULTURE ADVANCE
Target Group-Specifically for Potatoes Farmers-Mirangine Branch.
- Repayment period-Up to 6 months
- Competitive Interest on deposits
- Low minimum balance
- Fast loan processing
- Free member education and advisory services
- Loan insurance
- Competitive interest rates
- Free photograph taken on account opening
- Competitive Interest on Savings
- Annual Divided on Shares
