General Mpanzi sacco Loan Products Conditionsmpanzi sacco

  • Member must have paid Capital Share.
  • Member must been a member for a period of 3 months and consistently contributed deposits.
  • All loans must be fully secured.
Mpanzi sacco Loan Products

1. Development Loan

The development loan is designed to address personal development projects and business expansion.

 

Features

  • Loan shall not exceed 3 times members’ deposits for members above 6 months.
  • Loan shall not exceed 2 times member deposits for members between 3-5 Months.
  • Loan repayment period up to 36 months.
  • Interest rate of 1% per month on a reducing balance.

2. Emergency Loan

It’s designed for urgent financial obligations    

Features

  • Loan shall not exceed 1/3rd of member deposits
  • Loan repayment period up to 6 months
  • Interest rate of 2.5% per month flat rate
  • No guarantors required
  • Loan processed within 24 hours

3. Instant Loan

The product is designed to assist members’ emergency needs.

 Features

  • Loan shall not exceed 40% of member deposits
  • Loan repayment period up to 12 months.
  • Competitive interest rates

4. Okoa Loan

This facility is a short-term loan that seeks to offer solution to urgent advance needs

Features

  • Loan shall not exceed 1/3rd of member deposits
  • Loan repayment period up to 3 months
  • Competitive interest rates
  • No guarantors required
  • Loan processed within 24 hours

5. Kikundi Loan

This is a loan designed for registered groups, churches, Parishes, institutions like schools etc

  • Loan shall not exceed 3 times of group deposits
  • Loan repayment period up to 18 months
  • Competitive interest rates
  • Loan processed within 24 hours

6. Mkopo Kilimo Loan

This is a loan designed to finance dairy farmers, poultry keepers, horticulture, drip irrigation etc.

  • Loan shall not exceed 3 times members’ deposits for members above 6 months.
  • Loan shall not exceed 2 times member deposits for members between 3-5 Months.
  • Loan repayment period up to 24 months
  • Competitive interest rates

7. School Fees Loan

This is a facility designed to meet school fees needs.

Features

  • Loan shall not exceed 1.5 times of member deposits.
  • Loan repayment period up to 12 months.
  • Competitive interest rates
  • Member must provide documentary evidence e.g fees structure to prove the need. The Cheque shall be written in favor of the institution.

8. Nuru Loan

This is a short term loan designed to embrace clean energy lighting systems such as solar lamps, panels, energy jikos etc.

  • One must have contributed at least 25% of the value of the equipment as deposits.
  • Loan repayment period up to 12 months
  • Competitive interest rates

9. Asset Financing Loan

This is a loan designed to help members purchase assets such as motorcycles, cars, water tanks, generators etc

Features

  • One must have contributed at least 25% of the value of the asset as member deposits
  • Loan repayment period of up to 24 months
  • Interest rate of 1.5% per month on a reducing balance
  • Purchased asset used as security for the loan

10. Mkulima Loan

This  is a rural sacco loan product is designed to assist members’ purchase farm inputs, animal and poultry feeds, farm tools and machineries.

Features

  • Loan shall not exceed 33.3% of member deposits
  • Loan repayment period of up to 12 months
  • Interest rate of 1% per month on flat rate