Ukulima Co-operative House.
Haile Selassie Avenue

 

cally Call Us
 020 – 2785000
maily Email Us
info@ukulimasacco.coop

 

 

 

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TYPE OF MICRO CREDIT LOAN PRODUCTS AVAILABLE

1. JIJENGE LOAN

This is a Mobile based loan to an individual member of a Chama. A loan application form is however required if requested amount is beyond certain set limits.

 

2. TUJIJENGE LOAN

  • This is a loan to the Chama as an entity.
  • Maximum loan amount is Kshs 5,000,000/- for 48 months depending on the set terms and conditions for various categories of corporates.
  • Interest - Monthly amortization at 1.3%
  • Tangible collaterals acceptable

3. WEZESHA LOAN

  • Lending to an individual members directly or through their business entities i.e. T/A XYZ Enterprises.
  • Maximum loan amount is Kshs 5,000,000/- for 48 months depending on the set terms for various intended purposes of loan funds.
  • Interest - Monthly amortization at 1.3%
  • Loan accessible to all members whether in formal employment or self-employed with business incomes banked through Fosa.
  • Loan can be secured by either guarantors or tangible securities.

 

ACCEPTABLE TANGIBLE COLLATERALS
Below securities are only acceptable for Tujijenge Loan and Wezesha Loans

1) Land and buildings : 80% of forced sale value (FSV)
2) Cash Collaterals - FDRs etc : Upto 90 %
3) Motor vehicle log books - 60% of FSV.

CHAMA’S LAST EXPENSE PROGRAM
This is a self-insurance scheme for Chamas where individual member pays a premium of Kshs. 1,500 per annum or Kshs 125/- per month.
In the unforeseen circumstance that a member passes on or the member’s spouse, children, parents or parents-in- law the member will be entitled to burial benefit of Kshs 50,000/- as stipulated below;

PERSON

ENTITLEMENT IN KSHS.

Principal Member

50,000

Spouse

50,000

Own Children

50,000 ( up to a max of 4 children)

Own parents

50,000 ( max 2)

Parents in laws

50,000 ( max 2)

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Welcome our valued Guest

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You have come to the right place.

We have large range of financial solutions that will meet your needs.

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Find Us

Ukulima Co-operative House, Haile Selassie

Avenue Off Parliament Road, Red Cross Lane

P.O. Box 44071 – 00100, NAIROBI

Call Us

020 – 2785000
+254 0720 - 179 - 991 or
+254 0735 - 886 - 565

 

Email Us

info@ukulimasacco.coop

© 2021 UKULIMA SACCO