Mwalimu Group Loans
Group Loans Are Done Based On Tiers:
- Tier one KES 30,000- KES 150,000 – (1.33% pm) payable in maximum
- Tier two KES 150,001-KES 250,000 (1.33%pm) payable in maximum
- Tier three KES 250,001 –KES 500,000 (1.33%pm) payable in maximum
One has to start from tier one and graduate through the tiers within the program based on business ability. If successful, at tier three one can move to borrow as an individual client without the need of group.
Group loans above Kes 150,000/- must be secured by acceptable and suitable formal collateral.
All group borrowings require a 25% cash collateral as an upfront saving and non-withdrawable/transferrable until the loan is fully paid off.
