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    Mwalimu Sacco Ufanisi Loan

    ByHillary Kangwana

    Dec 13, 2024

    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