Chamaa Business Loan

Chamaa Business Loan

FEATURES

  • Loans up to to Kshs. 5,000,000 repayable within 36 years
  • Multiplier of 2 times of savings
  • Loan guaranteed by the savings and/or collateral
  • Individuals can access loans against Chama savings as minuted in the chama meetings
  • Loan’s appraisal fees of 1% shall be charged
  • Insurance charge of 2% shall be charged
  • All legal fees/costs shall be borne by the group

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