Universal Traders SACCO Development Loan
Universal Traders SACCO
Last updated: April 16, 2026
Lender site unavailable
★★★★★
0/5Based on 0 Reviews
Interest Rate
13% 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 13% interest on reducing balance
- Up to 3x deposits development loan
- Tailored for cereal
- Meru HQ anchor branch
- Tenure up to 60 months
- Market-day disbursement
- Boda delivery finance
- Swahili USSD menu
Cons
- Restricted to trade 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
- Short max 60 months
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Product Details
Features
- Trader-focused SACCO for Eastern Kenya markets
- Short-tenure working capital loan 6-12 months
- Stock-market-day disbursement for aggregators
- FOSA with market-day agent banking
- Chama group credit for trader associations
- Boda boda asset finance for delivery carriers
- USSD self-service with Swahili menu
Eligibility Requirements
Age: 18 - 60 years
Employment: Market traders, Wholesalers, Aggregators, Boda boda carriers
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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