Development loans support income-generating activity — agriculture, business, and personal investment — for members with a satisfactory savings history. They are the SACCO's core credit product, designed to turn disciplined saving into real opportunity.
What you'll need to apply
- A completed loan application form
- Two guarantors
- Proof of repayment ability
- An active savings account
Who can guarantee your loan
- Two active SACCO members are required
- Guarantors must have a good savings record
- Guarantors must have the capacity to cover the guaranteed amount
The loan application process
Submit your application
Complete and submit the loan application form.
Attach supporting documents
Include guarantor forms and proof of repayment ability.
Credit appraisal
The SACCO assesses your savings history and repayment capacity.
Committee approval
The loan committee reviews and approves qualifying applications.
Loan agreement
You and your guarantors sign the loan agreement.
Disbursement
Approved funds are released to your account.