Bingwa SACCO Development Loan
Bingwa SACCO
Last updated: April 16, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
12% p.a.
Loan Amount
Ksh 30,000 - Ksh 7,000,000
Approval Time
24-72 hours
Processing Fee
KshNaN
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Pros & Cons
Pros
- Competitive 12% interest on reducing balance
- Up to 3x deposits development loan
- Tailored for kirinyaga teachers
- Kerugoya HQ anchor branch
- Tenure up to 72 months
- Mwea rice cycle alignment
- Paddy land loans
- Teacher+farmer common bond
Cons
- Restricted to teachers common bond members
- Guarantors required from same SACCO
- Minimum 3 months deposits before first loan
- Processing can take up to 48 hours
- Kirinyaga regional focus
- Rice price volatility
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Product Details
Features
- Kirinyaga SACCO bridging teachers and Mwea rice farmers
- TSC check-off for Kirinyaga teachers
- Mwea rice cycle aligned repayment
- FOSA with M-Pesa paybill sweeps
- Education loan for Mwea boarding schools
- Land purchase loan for rice paddies
- Dividend 10-12% historically
Eligibility Requirements
Age: 18 - 60 years
Employment: TSC teachers, Mwea rice farmers, County employees
Required Documents
- National ID
- Membership certificate
- Payslips (3 months) or trade proof
- Guarantor forms (2+ guarantors)
- KRA PIN certificate
Repayment Options
Salary check-offBank transferM-Pesa
Ready to Apply?
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