Shoppers SACCO Development Loan
Shoppers SACCO
Last updated: April 16, 2026
Lender site unavailable
★★★★★
0/5Based on 0 Reviews
Interest Rate
13% p.a.
Loan Amount
Ksh 20,000 - Ksh 5,000,000
Approval Time
24-72 hours
Processing Fee
KshNaN
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Pros & Cons
Pros
- Competitive 13% interest on reducing balance
- Up to 3x deposits development loan
- Tailored for retail and supermarket chain employees
- Nairobi HQ anchor branch
- Tenure up to 60 months
- Low entry loan amount KES 20k
- In-store mini-FOSA desks
- Shift-worker support
Cons
- Restricted to retail common bond members
- Guarantors required from same SACCO
- Minimum 3 months deposits before first loan
- Processing can take up to 72 hours
- Higher 13% rate
- Smaller ceiling KES 5m
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Product Details
Features
- Membership open to all major Kenyan supermarket chain employees
- Small-ticket emergency loan from KES 20,000
- Shift-worker friendly 24-hour customer care
- M-Pesa disbursement tuned for informal retail cash flow
- Mini-FOSA desks inside partner stores
- Education loan timed to January and May school terms
- Stock trading advance for canteen micro-entrepreneurs
Eligibility Requirements
Age: 18 - 60 years
Employment: Supermarket employees, Retail chain cashiers, Store supervisors, Wholesale 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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