Mwalimu Sacco Vision Loan 96

Vision Loan 96:

This loan is specially tailored for members to finance long-term development projects and meet investment needs. The product’s longer repayment period and higher deposit multiplier makes it suitable for this purpose.

Product features:

• Repayable in 96 months
• Only one vision 96 loan can be granted at a time
• Maximum limit is a members’ deposits x 5 (subject to 1/3 salary rule)
• Recovery is done at a monthly flat rate combining principal repayment with
• Processing fee of 1% paid upfront