Mwalimu Sacco Mwalimu Group Loans

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.

By Editorial Team

The Education News Hub Editorial Team is made up of vibrant and experienced editors. Brian Yano is an accomplished longtime Digital Media Journalist at Educationnewshub.co.ke with a great passion for research and fact-checking. He delivers engaging content across diverse topics, with a special interest in Education matters. On her part, Yvonne Kemunto is a journalist, dedicated to unraveling stories that matter. With a keen eye for detail and a passion for storytelling, she brings a fresh perspective to the world of media. Her commitment to detail and excellence shines through in every piece she crafts. Our newest member of the Editorial Team is Jennifer Mumbo. She is a Seasoned Multimedia Journalist with several years' experience; dating back to 2018. Jennifer has a passion for education, sports, tech, politics and entertainment. You can reach the editors at educationnewshub3@gmail.com.