Mwalimu Sacco Development Loan

Development Loan:

This is a medium-term loan intended to empower members to undertake investment activities and address development needs.

Product features:

• Repayable in 48 months
• Only one development loan can be granted at a time
• Maximum limit is a members’ deposits x 4 (subject to 1/3 salary rule)
• Attracts 5% processing fee on approved amount
• Recovery is done at a monthly flat rate combining principle repayment with