Club Special Loan
Get a loan of up to five times your savings and take your investment club to new heights
Is your chama or investment group/ club trying to finance a development project whether it is to purchase land, development of property or other viable investment?
The Co-op Club Special Loan is designed to help chamas reach new heights. Get a maximum loan amount of up to 50 million or five times the group’s savings with a repayment period of up to 72 months.
Features
- Maximum loan amount of up to 50 million or 5 times the group’s savings
- Repayment period of up to 72 months
- 100% financing of the project cost
- Affordable interest rate
- The loan is accessible to groups as a corporate body
Requirements
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The group must be registered with the concerned registering body e.g. ministry of social services, ministry of gender etc.
- Group account operational for 6 months with Co-operative bank or with other banking institutions
- Open Mshiriki current account and an investment company account with the Co-operative bank
- Group must be making monthly contributions through the Mshiriki account
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Other Accounts
Mshiriki Current Account
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