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HMRC SACCO Development Loan

HMRC SACCO

Last updated: April 16, 2026

|Last verified: Apr 16, 2026
0/5
Based on 0 Reviews
Interest Rate
12% p.a.
Loan Amount
Ksh 50,000 - Ksh 10,000,000
Approval Time
24-72 hours
Processing Fee
KshNaN

Rating Breakdown

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Total: 0 Reviews

Pros & Cons

Pros

  • Competitive 12% interest on reducing balance
  • Up to 3x deposits development loan
  • Tailored for kemri
  • KEMRI HQ Nairobi anchor branch
  • Tenure up to 72 months
  • Fellowship bridging
  • USD fellowship handling
  • Conference travel loan

Cons

  • Restricted to medical research common bond members
  • Guarantors required from same SACCO
  • Minimum 3 months deposits before first loan
  • Processing can take up to 48 hours
  • Research sector bond only
  • USD fees apply

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Product Details

Features

  • Medical research SACCO for KEMRI and allied staff
  • Fellowship bridging loan for research grants
  • Salary check-off across KEMRI payroll
  • 3x deposits development loan
  • Professional conference travel loan
  • FOSA with USD fellowship receipt handling
  • Retirement scheme for long-serving researchers

Eligibility Requirements

Age: 18 - 60 years
Employment: KEMRI researchers, Walter Reed program staff, Kilifi research staff

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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Application takes less than 10 minutes

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