Individual Loan Products
Development Loan
a. Pegged on three times of the borrower’s normal savings;
b. This loan is repaid up to a maximum period of 36 months.
c. The society charges an interest of 0.84% per month on a reducing balance.
d. Loan application must be supported by the member’s latest two (2) pay slips if
employed and the loan to be within two thirds of the salary.
e. If self-employed, the member must provide certified bank statements for the
last six months.
f. The loan MUST be fully secured by guarantors (attach copies of ID) and/or
collateral(security).
Education Loan
a. Pegged on three times of the borrower’s normal savings;
b. The member MUST attach fees structure/s on the application form.
c. School fees loans are repaid within a period of 12 months.
d. The SACCO charges an interest of 0.84% per month on reducing balance.
e. The upper limit is determined by the member’s ability to repay.
f. Loan application must be supported by the member’s latest two (2) pay slips if
employed and the loan to be within two thirds of the salary.
g. If self-employed, the member must provide certified bank statements for the
last six months.
h. The loan MUST fully be secured by guarantors (attach copies of ID) and/or
collateral (security).
Business Loan
a. Pegged on three times of the borrower’s normal savings;
b. This loan is repaid up to a maximum period of 24 months;
c. The society charges an interest of 0.84% per month on a reducing balance;
d. Loan application must be supported by the member’s latest two (2) pay slips if
employed and the loan to be within two thirds of the salary.
e. If self-employed, the member must provide certified bank statements for the last
six months.
f. The loan MUST be fully secured by guarantors (attach copies of ID) and/or
collateral(security).
Emergency Loan
a. Pegged on three times of the borrower’s normal savings
b. The loans are repaid within a period of 6 months.
c. Interest charged at 0.84% per month on reducing balance method.
d. No member shall have more than one Emergency loan at any one time.
e. The loan MUST be fully secured by guarantors (attach copies of ID) and/or
collateral (security).
f. Loan application must be supported by the member’s latest two (2) pay slips if
employed and the loan to be within two thirds of the salary.
g. If self-employed, the member must provide certified bank statements for the
last six months.
Business Tour Loan
a. Pegged on three times of the borrower’s normal savings
b. The loans are repaid within a period of 6 months.
c. Interest charged at 0.84% per month on a reducing balance method.
d. No member shall have more than one business loan at any one time.
e. The loan MUST be fully secured by guarantors (attach copies of ID) and/or
collateral security.
f. Loan application must be supported by the member’s latest two (2) pay slips if
employed and the loan to be within two thirds of the salary.
g. If self-employed, the member must provide certified bank statements for the
last six months.
Group Loan Products
Development Loan
a. Pegged on four times of the group’s normal savings;
b. This loan is repaid up to a maximum period of 36 months.
c. The society charges an interest of 0.84% per month on a reducing balance.
d. The group must provide certified bank statements for the last six months.
e. The loan MUST be fully secured by guarantors (attach copies of ID) and/or
collateral(security).
Business Loan
a. Pegged on four times of the group’s normal savings;
b. This loan is repaid up to a maximum period of 24 months;
c. The society charges an interest of 0.84% per month on a reducing balance;
d. The group must provide certified bank statements for the last six months.
e. The loan MUST be fully secured by guarantors (attach copies of ID) and/or
collateral(security).
Business Tour Loan
a. Pegged on four times of the group’s normal savings
b. The Business Tour loans are repaid within a period of 6 months.
c. The society charges an Interest of 0.84% per month on a reducing balance method.
d. There is No group that shall have more than one business loan at any one time.
e. The loan MUST be fully secured by guarantors (attach copies of ID) and/or collateral
security.
Become Our Member Today.
Email : info@pivotalwomensacco.com
Address : Nakuru, Kenya.
Phone : +254740222907
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