This loan is granted to members who wish to purchase a tangible asset such as land, motor vehicle or shares. The Sacco will finance up to three times the member’s savings.

  • The loan is payable within a maximum period of 72 months
  • The maximum amount granted is Kshs 7,500,000/=
  • The minimum amount granted is Kshs 300,000/=
  • No guarantor required
  • Pre- sale Valuation of the Asset is a mandatory requirement.
  • For motor vehicles, the vehicle should be comprehensively insured until the loan is fully paid.
  • The Sacco finances motor vehicles that are eight years and below.
  • The loanee meets all legal and processing fees in the acquisition of the asset.
  • Pre- sale Valuation of the Asset is a mandatory requirement.
  • Money paid direct to the vendor of the asset.