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Loans

CROP BASED/AGRICULTURAL LOANS

Targets farmers of all kinds including coffee and tea

Features

  • Proceeds must processed through the sacco
  • Quick loan processing
  • Affordable interest rates

  OKOA ADVANCE

Targets coffee and tea farmers

Features

  • Processed immediately
  • Short repayment period
  • At least two guarantors

COFFEE SOCIETY ADVANCE

Target societies whose members are paid through the sacco.

Features

  • Society minutes authorizing borrowing
  • Business plan on purpose
  • Quick processing

INSTITUTIONAL LOANS

An overdraft advanced to individuals and institutions e.g school and factories

Features

  • Have very active savings account
  • Repayable within three months
  • Quick processing to meet emergencies
  • Postdated cheques equivalent to overdraft

WAKENYA FOSA LOANS / ADVANCES

Targets institutional employees and pensioners

Features

  • Staffs in an institution whose salary is processed by the Sacco
  • Institution ensure no diversion of salary
  • Fast loan processing
  • Recovering monthly from salary

BUSINESS LOANS

Targets small, medium and large enterprises /business people

Features

  • Registered and ongoing business
  • Affordable interest rates
  • Repayment up to 24 months

GROUP BASED LOANS

  • Value chain– Targets dairy farmers
  • Jiinue Rafiki-targets small medium enterprises in urban areas
  • Micro-finance-targets small medium enterprises in rural areas

Features

  • Must have existences for at least 2 years
  • Be a registered group
  • Loan duration range from 6, 9 and 12 months
  • Must have an active ROSCA or ASCA or BOTH
  • Affordable interest Rate