The loan is to support the purchase of Land, buildings and non-commercial vehicles.
Features:
• The Sacco will finance up to 80% of the asset cost as per the valuation report
• Co-own the security given until final payment is made
• Loan secured by the asset purchased
• Maximum of Kshs. 5,000,000 or X4 of member deposits
• Repayment period of 72 months for the land and 48 months for the Vehicle
• Fully paid Share Capital
• Professional valuation required