We also loan members of a professionally-run group.
The amount depends on the individual member’s savings, group regulations, and his/her ability to repay.
Purpose of the loan
To help the member expand their businesses or undertake other investments (SACCO Approved)
Features of this loan:
- Free financial skills training offered.
- Flexible weekly contribution and loan
- Affordable interest rate.
- Flexible repayment period.
- Members must have saved at least 25% of the loan amount they wish to access.
- Individuals must be in a group.
- Group must be registered or planning to register with the department of social
- A group should consist of not less than 5 individuals actively involved in a legal
- Individuals within the group shall be registered members of the SACCO.
- The group shall have a group account with OASIC SACCO.
How to apply
Please submit a duly completed application form through your credit officer