Loans

Loans

by Ksacco

Borrow to Grow Your Investments

Access affordable credit tailored to your personal, family or business needs. No need to struggle while we can help. Borrow to take your business to the next level, for an emergency, to pay school fees or even to service that order.

This is a tailor-made loan facility suitable for business working capital and shorter financing requirements of a business. The facility has the following features:

  1. Have maintained an active account with KSACCO for at least three Months
  2. Wide range of securities are acceptable ( Motor Vehicles, Properties, Term Deposits, Guarantors)
  3. Facility is repaid within a period of 36 months.
  4. Affordable Interest rates

This is a comprehensive development finance option that focuses on providing personal and specialized services to meet our clients’ specific needs such as purchase of property and Construction. The facility has the following features:

  1. Have maintained an active account with KSACCO for at least three Months
  2. Wide range of securities are acceptable ( Motor Vehicles, Properties, Term Deposits, Guarantors)
  3. The Facility is payable up to a maximum period of 60 months.
  4. Attractive Interest rates
development loan

The personal loan is advanced to members with active FOSA accounts for purposes of purchasing assets, boosting business or for other developmental purposes.  The loan has the following features:

Features

  1. Have maintained an active FOSA account with KSACCO for at least 6 Months
  2. Wide range of securities are acceptable (Motor Vehicles, Properties, Term Deposits, Guarantors)
  3. Facility is repaid in installments of between six and twenty four months.
  4. Attractive Interest rates
  5. Response time within 36 hours

This is a tailor-made loan facility suitable for securing business working capital and also shorter financing requirements for businesses. It is designed to finance needs such as LPO financing. The facility has the following features:

  1. Have maintained an active account with KSACCO for at least Six Months
  2. Wide range of securities are acceptable (Motor Vehicles, Properties, Term Deposits, Guarantors)
  3. Facility repaid as on-off within 3 months/ Also referred to as Bullet Loan
  4. Attractive Interest rates
  5. Response time within 24 hours

This facility is a short-term facility that seeks to offer solution to urgent and unexpected needs such as medical bills, funeral expenses, court fines and general response to natural calamities. The facility has the following features:

  1. Have maintained an active account with KSACCO for at least three Months
  2. Wide range of securities are acceptable (Motor Vehicles, Properties, Term Deposits, Guarantors)
  3. Facility is repaid within a period of 12 months
  4. Attractive Interest rates
  5. Response time within 24 hours
emergency-loan

The school fees loan is for the purpose of payment school fees and related expenses. The facility has the following features:

  1. Have maintained an active account with KSACCO for at least three Months
  2. Wide range of securities are acceptable (Motor Vehicles, Properties, Term Deposits, Guarantors)
  3. Facility is repaid within a period of 12 months
  4. Attractive Interest rates

The purpose of the loan is to finance acquisition of an asset.  The facility has the following features:

  1. Have maintained an active account with KSACCO for at least Six Months
  2. To finance up to 80%
  3. Limit age for motor Vehicles is 9 years from year of manufacture.
  4. Attractive interest rates
  5. Security is the asset to be purchased
  6. Repayment period is max 36 months

The Group/House Structure

Group/ House Structure has been a key facilitator of savings, investment and credit. A House is a cluster of 5-30 members who have voluntarily come together for savings mobilization and credit guarantee.

Benefits of The Group/House Structure
  1. Savings Mobilization
  2. Group Business Initiatives
  3. Group Guarantee for Loans
  4. Better Loan/ Credit Performance
  5. Access to Investment Opportunities
  6. Member Empowerment and Transformation