Our Loan Products & their Features

Purpose of the loan product

To empower entrepreneurs, foster economic growth, promote financial inclusion, and serve the financial needs of the cooperative's members and the broader community.

Overall Objective

To support the economic empowerment of members, foster community development, promote financial inclusion, and ensure the sustainability and growth of the cooperative for the benefit of its members and the broader society.

Target Market

Youths, institutions, VISLAs,

Requirements

• Active member

• 10% Savings

• 15% Shares

Loan size

Minimum 100,000 ugx

Maximum 30,000,000 ugx

Loan Processing Fees

• 2% of Loan amount

Interest rate

30% PA

Method of calculation of interest

Flat rate

Grace Period

0

Loan Repayment Period

Minimum 6 months

Maximum 3 years

Repayment Frequency

Bi-weekly and Monthly

Late payment penalty

5% Per month on principal arrears

Collateral security required

Collateral value has be more than 2 times more than Loan Amount applied for.

Guarantors

2 active SACCO members

Application process

• Pick a loan form from Sacco

• LC 1 Chairperson Stamp

• Certifying Security in case of land agreements and Tittles

Appraisal process

• Site visit by loans officer

• Question and Answer session between loan officer and applicant

Process flow

10 working days

Disbursement mode

Loan is Disbursed on Applicant Ordinary Savings Account for Withdrawal

Business Loan

Development Loan

Emergency Loan Product

Purpose of the loan product

To empower members by providing them with financial resources to achieve their personal development goals. This aligns with the cooperative principle of member economic participation, ensuring that members have access to financial services that support their aspirations.

Overall Objective

At its core, the primary goal is to empower SACCO members by providing them with access to affordable and flexible financing options that support their personal development aspirations..

Target Market

All members

Requirements

• Active member

• 10% Savings

• 15% Shares

Loan size

Minimum 100,000 ugx

Maximum 20,000,000 ugx

Loan Processing Fees

• 2% of Loan amount

Interest rate

30% PA

Method of calculation of interest

Flat rate

Grace Period

0

Loan Repayment Period

Minimum 6 months

Maximum 3 years

Repayment Frequency

Bi-weekly and Monthly

Late payment penalty

5% Per month on principal arrears

Collateral security required

Collateral value has be more than 2 times more than Loan Amount applied for.

Guarantors

2 active SACCO members

Application process

• Pick loan form from Sacco

• LC 1 Chairperson Stamp

• Certifying Security in case of land agreements and Tittles

Appraisal process

• Site visit by loans officer

• Question and Answer session between loan officer and applicant

Process flow

10 working days

Disbursement mode

Loan is Disbursed on Applicant Ordinary Savings Account for Withdrawal

Purpose of the loan product

To help our members who are I need of quick Loan facilities

Overall Objective

To provide members with timely access to financial assistance for urgent needs, facilitating financial stability and meeting short-term obligations. This quick access to credit supports members in managing unexpected expenses, seizing opportunities, and achieving their financial goals effectively.

Target Market

All members

Requirements

• Active member

• 10% Savings

• 15% Shares

Loan size

Minimum 100,000 ugx

Maximum 10,000,000 ugx

Loan Processing Fees

• 2% of Loan amount

Interest rate

5% PA

Method of calculation of interest

Flat rate

Grace Period

0

Loan Repayment Period

Minimum 1 months

Maximum 1 years

Repayment Frequency

Bi-weekly and Monthly

Late payment penalty

5% Per month on principal arrears

Collateral security required

Collateral value has be more than 2 times more than Loan Amount applied for.

Guarantors

2 active SACCO members

Application process

• Pick loan form from Sacco

• LC 1 Chairperson Stamp

• Certifying Security in case of land agreements and Tittles

Appraisal process

• Site visit by loans officer

• Question and Answer session between loan officer and applicant

Process flow

1 days

Disbursement mode

Loan is Disbursed on Applicant Ordinary Savings Account for Withdrawal

Purpose of the loan product

To develop the agricultural sector, providing farmers and agricultural businesses with the financial resources they need to thrive and contribute to food security, economic development, and rural livelihoods.

Overall Objective

Agricultural loans are availed by a farmer to fund seasonal agricultural operations or related activities like animal farming, pisci-culture or purchase of land or agricultural tools. This type of loan also helps with buying inputs such as fertilizers, seeds, insecticides etc.

Target Market

Famers

Requirements

• Active member

• 10% Savings

• 15% Shares

Loan size

Minimum 100,000 ugx

Maximum 15,000,000 ugx

Loan Processing Fees

• 2% of Loan amount

Interest rate

30% PA

Method of calculation of interest

Flat rate

Grace Period

2 months

Loan Repayment Period

Minimum 6 months

Maximum 3 years

Repayment Frequency

Bi-weekly and Monthly

Late payment penalty

5% Per month on principal arrears

Collateral security required

Collateral value has be more than 2 times more than Loan Amount applied for.

Guarantors

2 active SACCO members

Application process

• Pick loan form from Sacco

• LC 1 Chairperson Stamp

• Certifying Security in case of land agreements and Tittles

Appraisal process

• Site visit by loans officer

• Question and Answer session between loan officer and applicant

Process flow

10 working days

Disbursement mode

Loan is Disbursed on Applicant Ordinary Savings Account for Withdrawal

Agriculture Loan

Green Life Loan Product

Taka Lyange Loan Product

Purpose of the loan product

To support initiatives such as reducing carbon emissions, promoting fair labour practices, and enhancing corporate governance

Overall Objective

To adopt sustainable practices by providing financing tied to environmental, social, and governance objectives

Target Market

All members

Requirements

• Active member

• 10% Savings

• 15% Shares

Loan size

Minimum

Maximum

Loan Processing Fees

• 2% of Loan amount

Interest rate

24% PA

Method of calculation of interest

Flat rate

Grace Period

None

Loan Repayment Period

Minimum 6 months

Maximum 3 years

Repayment Frequency

Bi-weekly and Monthly

Late payment penalty

5% Per month on principal arrears

Collateral security required

Collateral value has be more than 2 times more than Loan Amount applied for.

Guarantors

2 active SACCO members

Application process

• Pick loan form from Sacco

• LC 1 Chairperson Stamp

• Certifying Security in case of land agreements and Tittles

Appraisal process

• Site visit by loans officer

• Question and Answer session between loan officer and applicant

Process flow

10 working days

Disbursement mode

Loan is Disbursed on Applicant Ordinary Savings Account for Withdrawal

Purpose of the loan product

To help our members become landlords by acquiring plots of land for them and they make repayments in instalments

Overall Objective

to promote sustainable development for our members by getting them to own land for settlement, farming, building of homes, for rental business

Target Market

All members mostly the youth and women

Requirements

• Active member

• 10% Savings

• 15% Shares

Loan size

Minimum

Maximum

Loan Processing Fees

• 2% of Loan amount

Interest rate

30% PA

Method of calculation of interest

Flat rate

Grace Period

2 months

Loan Repayment Period

Minimum 6 months

Maximum 3 years

Repayment Frequency

Bi-weekly and Monthly

Late payment penalty

5% Per month on principal arrears

Collateral security required

Collateral value has be more than 2 times more than Loan Amount applied for.

Guarantors

2 active SACCO members

Application process

• Pick loan form from Sacco

• LC 1 Chairperson Stamp

• Certifying Security in case of land agreements and Tittles

Appraisal process

• Site visit by loans officer

• Question and Answer session between loan officer and applicant

Process flow

10 days

Disbursement mode

Loan is Disbursed on Applicant Ordinary Savings Account for Withdrawal

Purpose of the loan product

Empowering small-scale farmers and horticultural entrepreneurs by providing them with financial resources and opportunities to expand their businesses and improve their livelihoods.

Overall Objective

to promote the sustainable development of the horticulture sector by providing financial support and resources to individuals or groups engaged in horticultural activities.

Target Market

Horticulture Famers

Requirements

• Active member

• 10% Savings

• 15% Shares

Loan size

Minimum

Maximum

Loan Processing Fees

• 2% of Loan amount

Interest rate

24% PA

Method of calculation of interest

Flat rate

Grace Period

2 months

Loan Repayment Period

Minimum 6 months

Maximum 3 years

Repayment Frequency

Bi-weekly and Monthly

Late payment penalty

5% Per month on principal arrears

Collateral security required

Collateral value has be more than 2 times more than Loan Amount applied for.

Guarantors

2 active SACCO members

Application process

• Pick a loan form from Sacco

• LC 1 Chairperson Stamp

• Certifying Security in case of land agreements and Tittles

Appraisal process

• Site visit by loans officer

• Question and Answer session between loan officer and applicant

Process flow

10 working days

Disbursement mode

Loan is Disbursed on Applicant Ordinary Savings Account for Withdrawal

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