Group Loan is targeted to low income earners who are not having a traditional registered collateral properties.
The security is purely based on group guarantee a certain pre-disbursement cash deposit of a certain amount by each group member. The loan helps those who are the informal sector to access our credit facilities easily.
- The loans helps members of viable SACCOS and VICOBA to improve performance of their businesses
- Tangible security property is not required
- Low interest rate and there are lending charges
- Longer loan tenure that enable borrowers pay their loans smoothly
- Promotes speedy growth of SACCOS, VICOBA and other economic groups in the country
- Accelerates self employment in the country thus, a reduction of poverty in the country
- Enables beneficiaries access loan facilities with favourable terms and conditions