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Ngarisha SACCO Development Loan

Ngarisha SACCO

Last updated: April 16, 2026

|Last verified: Apr 16, 2026
0/5
Based on 0 Reviews
Interest Rate
12.5% p.a.
Loan Amount
Ksh 30,000 - Ksh 6,000,000
Approval Time
24-72 hours
Processing Fee
KshNaN

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Pros & Cons

Pros

  • Competitive 12.5% interest on reducing balance
  • Up to 3x deposits development loan
  • Tailored for kisii and nyamira civil servants
  • Kisii HQ anchor branch
  • Tenure up to 60 months
  • Coffee/tea bonus backed
  • Title processing loan
  • Youth savings drive

Cons

  • Restricted to regional common bond members
  • Guarantors required from same SACCO
  • Minimum 3 months deposits before first loan
  • Processing can take up to 72 hours
  • Nyanza highland focus
  • Bonus seasonality

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Product Details

Features

  • Kisii highland SACCO serving teachers and farmers
  • TSC check-off for Kisii County teachers
  • Coffee and tea bonus-backed loans
  • Land purchase and title processing loan
  • Dividend payout 10-12% annually
  • FOSA with M-Pesa paybill integration
  • Community savings drive for youth SACCOs

Eligibility Requirements

Age: 18 - 60 years
Employment: TSC teachers, County staff, Tea/coffee 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

Ready to Apply?

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Application takes less than 10 minutes

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