Mwalimu Sacco Ufanisi Loan

Ufanisi Loan:

This is long-term loan product aimed at enabling members with salary ability but have low deposits to access more credit by boosting their deposits. A portion of the loan applied is retained as deposits enhancing the members balance multiplier.

Product features:

  • Repayable in 72
  • 10 % deposits boosting fee
  • Minimum deposits prior to the application Ksh200,000.
  • Loan must be fully guaranteed
  • Only one Ufanisi loan can be granted at a
  • The member’s salary to be channeled through Mwalimu National Sacco
  • Recovery is done at a monthly flat rate combining principle repayment with
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