+254 0709578000

kerichohq@imarishasacco.co.ke

Micro credit loan product features

1. Chap chap loan

  • It is a savings based product
  • Multiplier of 5 times deposits
  • Maximum period is 12 months
  • Interest rate is 1.17% pm flat rate

Available to
Boda boda operators and boda boda owners

2. Chama loan

  • Savings based product
  • Has a loan multiplier of 5 times deposits
  • Available to those who have graduated from pamoja
  • Maximum period 12 months
  • Attract interest rate at 1.17% pm flat rate

Available to

1.Registered groups of either ;self-help groups ,women groups and youth groups
2. young saccos and multipurpose
3. pamoja loan

      • Savings based products
      • Loan multiplier of 5 times the deposits
      • Interest rate of 1.17%PM flat rate
      • Period ranges between 12-48 months
      • Level one has a maximum period of 12 months
      • Saving culture of kshs 500 per member for 8 (eight) weeks before taking up the 1st loan.

Given in loan levels of ;

1st level = kshs 20,0000 per member
2nd level = kshs 40,000 per member
3rd level = kshs 60,000 per member
4th level - graduated to either binafsi or chama loan

Available to

  • Registered to groups under the following categories ; self help groups, women groups ,youth groups .
  • Require membership of 5-15 members.

4 pamoja plus loan

  • Savings based product
  • Multiplier 3 times deposits
  • Interest rate of 1.17% pm flat rate
  • Issued as an additional loan (TOP UP LOAN)
  • Though initial ceiling shall not be exceeded

5. Binafsi loan

  • Savings based product
  • Multiplier of 4 times the deposits
  • Period ranges between 12-48 months
  • Interest 1.17%PM flat rate
  • Requires 6 (six) months business statement .
  • Loan securities are not limited to tittles and log book
S/No. Loan product  DepositsInterest rate  Period
 1  CHAP CHAP LOAN  5 TIMES  1.17% PM FLAT RATE  MAX 12 MONTHS
 2  CHAMA LOAN  5 TIMES  1.17% PM FLAT RATE  MAX 12 MONTHS
 3  PAMOJA LOAN  5 TIMES  1.17% PM FLAT RATE  12-48 MONTHS
 4  PAMOJA PLUS  3 TIMES  1.17% PM FLAT RATE  3 MONTHS
 5  BINAFSI LOAN  4 TIMES  1.17% PM FLAT RATE  12-48 MONTHS

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