Mwalimu Sacco Ufanisi Loan

Ufanisi Loan:

This is long-term loan product aimed at enabling members with salary ability but have low deposits to access more credit by boosting their deposits. A portion of the loan applied is retained as deposits enhancing the members balance multiplier.

Product features:

• Repayable in 72
• 10 % deposits boosting fee
• Minimum deposits prior to the application Ksh200,000.
• Loan must be fully guaranteed
• Only one Ufanisi loan can be granted at a
• The member’s salary to be channeled through Mwalimu National Sacco
• Recovery is done at a monthly flat rate combining principle repayment with