Chama pesa
This is the loan to individuals is a group, welfare society; self-help group, CBOs which must be registered by the relevant Government institution. It is important to take note that the group will take responsibility of the loan if any of the members defaults. The maximum amount that can be advanced here is Ksh.50,000 per person in the group. The applicant must provide proof a business showing that the loan will be paid without difficulty. There is also important that the applicants have a list of assets that can be considered as security for the loan. The purpose of this loan is to support our clients is starting business or grow their business by injecting additional working capital.
REQUIREMENTS
- Proof of Chama Registration.
- Group constitution/ MOU
- Customer/ Guarantors passport photo and copy of ID
- Customer and Guarantors to provide security and prove of ownership of the security.
- Aphidavite of proof of ownership of the security
- Processing fee