Karibu Loan
This loan targets new members who join the Sacco and would wish to access funds as they build their depositsKaribu loan applicants to inject cash of Kshs.3,000 or more to share capital before being granted loan.
Capitalization of 10% of loan approved instead of enhancing member deposits
Features
- Designed for new members from existing MOUs
- Accessible after one month’s contribution
- Maximum repayment period of 6 months
- Maximum amounts of Kes. 70,000
- 15% of the loan is retained to boost member’s deposits
- Guarantors required depending on loan amount
