AEA Plaza, Valley Road
+254 709 136 000
Mon - Fri 08.00 - 05.00

Tuinuane Loan is designed to meet Chama needs for undertaking of their projects together in viable group projects e.g. Asset finance and business loans.

Features

  • Repayment Period: Up to 60 Months
  • Interest Rate: 1.2% per month on reducing balance
  • Monthly contributions to cover loan repayment
  • Security: Loan MUST be fully secured by a conventional collateral e.g. Title Deed, Guarantors, FD certificates or logbooks. .
  • Chama deposits to be held in lien as additional collateral for the loan

Requirements

  • Chama registration certificate
  • History of consistent monthly savings in the Chama Account used to determine ability
  • Chama MUST have operated account for 6 Months
  • MUST be an active member for the last 6 Months
  • CRB history of Chama and its officials
  • Recovery through Chama Account
  • Direct payments allowed
  • Demonstrated contribution schedule/working business plan

Our Mission

To empower members economically by providing quality financial services through prudent mobilization of resources and excellent customer care.

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