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TAASISI LOAN

Taasisi Loan

1.      Purpose of loan

·         Loan product designed for Development projects for registered institutions and organizations.

2.      Maximum Amount

·         Deposits multiplied by 3

·         Maximum 5,000,000

3.      Maximum period

·         48Months.

4.      Loan Security

·         Acceptable tangible collateral

5.      Other Conditions

·         Ability to pay pegged on 75% of monthly savings.

·         15% interest on loan clearance.

·         Group members who are SACCO members to guarantee the loan.

·         Contribute 1% of loan to deposits during term of the loan.

·         Official minutes and attached with a comprehensive project proposal for the intended loan.

6.      Interest rate

·         1.21% per Month (14.5% P.A)

·         Interest charged on reducing balance.