Centenary SACCO Development Loan
Centenary SACCO
Last updated: April 16, 2026
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★★★★★
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 catholic diocese staff
- Nairobi HQ anchor branch
- Tenure up to 72 months
- Diocesan branch network
- Seminary tuition loan
- Parish-backed loans
Cons
- Restricted to faith common bond members
- Guarantors required from same SACCO
- Minimum 3 months deposits before first loan
- Processing can take up to 48 hours
- Catholic-faith common bond
- Diocesan offices double as branches
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Product Details
Features
- Catholic faith-based SACCO with diocesan network
- Parish-backed development loan
- Catholic school teacher payroll check-off
- FOSA at diocesan offices nationwide
- Seminary tuition loan for priests in training
- Retirement scheme for long-serving clergy
- Dividend 9-11% historically
Eligibility Requirements
Age: 18 - 60 years
Employment: Catholic clergy, Catholic school staff, Diocesan 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
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