Loan Policy
Eligibility
- Active membership for at least 6 months.
- Minimum savings contribution of KSh 3,200.
Loan Limits
- Borrow up to 3 times your savings, capped at KSh 1,000,000.
- Loans approved by the management committee, exclusive to members.
Security
- Secured by member or guarantor deposits.
- Loans exceeding savings require guarantors.
Our Loan Products
Development Loan
Finance property acquisition, business startups, or agricultural projects.
- Up to KSh 1,000,000 (3x savings)
- 1% monthly interest (simple)
- 12-month repayment
- Requires at least 3 guarantors
Emergency Loan
Quick financial support for unexpected challenges.
- 3% monthly interest (simple)
- 3-month repayment
- One loan at a time
- Requires at least 1 guarantor
Medicare Loan
Cover medical expenses with direct payments to hospitals.
- 4% annual interest (0.33% monthly, simple)
- 12-month repayment
- Amount based on repayment ability
- Requires at least 3 guarantors
Api Culture Loan
Affordable financing for beekeeping, honey production, and apiary expansion projects.
- 2% annual interest (0.16% monthly, simple)
- 12-month repayment
- 3-month grace period before repayments begin
- No fines or penalties for delayed installments
- Secured by member deposits or guarantors
Education Loan
Fund school fees with direct payments to educational institutions.
- 4% annual interest (0.33% monthly, simple)
- 12-month repayment
- Amount based on repayment ability
- Requires at least 3 guarantors