Development Loan

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Soybean plantations and handling in Brazilian agribusiness

Development loans is a product designed to address the needs of members to create wealth and acquire property and other assets that can help the members to attain economic wellbeing and financial stability. This includes undertake large scale farming, motor vehicle purchase among others.

FEATURES

The soft loan is offered to members at interest rate of 1% per month.
A member is eligible to a loan three times (3*) is or her share deposit savings
Loan amount is above Kshs 100,000/- payable within a period of 6 month
Loans disbursed within 5 days
One off insurance fee of 1.5% applies for development loan
One off loan processing fee of 1% of the principal amount
One off institutional fee of 1% of the principal
Shares boost of 20% of member deposits is available for customers with ability to repay a big loan but have less deposits