Group Loan
Eligibility
Group members who are in business and are willing to form groups for savings and borrowing purposes
Requirements
- Minimum of 5 members
- Members must have a running business
- Willing to save at least Ksh. 200 weekly.
Features
- The registration fee is Ksh.1000
- Members must open FOSO accounts
- Loans are given three times ones savings
- Group members guarantee each other
- Affordable interest rates
Individual Loans
- Registration fee is Ksh. 1000
- Loan security is required (guarantors or collateral)
- Proof of ability to pay
- Affordable interest rate
Women Enterprise Fund (Malkia Loan)
- Open to women who must be members of Comoco Sacco
- Applicants must have a reliable source of income
- Maximum loan amount Kshs. 100,000/ = Interest rate is 8% p.a.
- Collateral/guarantors required
- Maximum repayment is one year.
