This is a Development loan that is designed to help our members to improve on or finance an investment for the betterment of their own/business welfare.
Features
- Have maintained an active account with Moto Hope Sacco.
- Minimum 6 months consistent saving.
- Minimum savings of Ksh. 50,000.
- Interest rate of1% per month fixed.
- Loan amount ranges between Ksh. 200,000 to Ksh. 1M.
- Repayment period: A maximum of 36 months
Requirements
- You need to be a Sacco member.
- A duly completed loans application form.
- Identity card/passport (both original & copy).
- KRA pin.
- Bank statement, MPESA statement, and/or valid business/farm records.
- 2 recent colored passport size photos.
- 100 for CRB report.
- Security: Business/household assets
Note: There are charges for processing fee and insurance on each loan product
