Chai SACCO
Compare all 1 products from Chai SACCO in Kenya. Rates from 11.5%. Borrow up to Ksh 8,000,000.
Chai SACCO Pros & Cons
+Pros
- ✓Competitive 11.5% interest on reducing balance
- ✓Up to 3x deposits development loan
- ✓Tailored for ktda tea factory employees and smallholder tea farmers
- ✓Kericho HQ anchor branch
- ✓Tenure up to 72 months
- ✓Bonus-linked repayment
-Cons
- ✗Restricted to agriculture common bond members
- ✗Guarantors required from same SACCO
- ✗Minimum 3 months deposits before first loan
- ✗Processing can take up to 48 hours
- ✗Tea common bond only
- ✗Bonus volatility affects loan size
Eligibility Requirements
- ●National ID
- ●Membership certificate
- ●Payslips (3 months) or trade proof
- ●Guarantor forms (2+ guarantors)
- ●KRA PIN certificate
Frequently Asked Questions
What interest rates does Chai SACCO offer?
Chai SACCO offers interest rates from 11.5% across their product range.
What loan amounts are available from Chai SACCO?
Chai SACCO offers loan amounts from Ksh 30,000 up to Ksh 8,000,000 depending on the product and your eligibility.
How fast does Chai SACCO disburse loans?
The fastest disbursement time from Chai SACCO is 24-72 hours. Actual processing time varies by product type and application completeness.
Does Chai SACCO require CRB clearance?
Chai SACCO does not strictly require CRB clearance for all products. Some products may be available without a CRB check, though having a clean credit record is always beneficial.
How many products does Chai SACCO offer on PesaMarket?
Chai SACCO currently has 1 products listed on PesaMarket across 1 category: SACCO Loans.
Products Available
Compare Chai SACCO With
Best For
- ✓KTDA factory workers
- ✓Smallholder tea growers
- ✓Kericho tea processors
- ✓Nandi-county tea agents
- ✓Members saving for bonus season
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