Chai SACCO Development Loan
Chai SACCO
Last updated: April 16, 2026
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★★★★★
0/5Based on 0 Reviews
Interest Rate
11.5% p.a.
Loan Amount
Ksh 30,000 - Ksh 8,000,000
Approval Time
24-72 hours
Processing Fee
KshNaN
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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
- Tea-sector agro-input loan
- 11.5% tea-bonus-backed rate
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
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Product Details
Features
- Common bond with KTDA tea factories in western highlands
- Bonus-linked repayment for smallholder tea growers
- Low 11.5% rate tied to tea bonus security
- Agro-inputs loan for fertiliser and plucking nets
- Education loan coinciding with tea bonus payouts
- Mobile teller visits during plucking off-peak
- Retirement savings for KTDA permanent staff
Eligibility Requirements
Age: 18 - 60 years
Employment: KTDA employees, Tea factory workers, Smallholder tea farmers
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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