Faidika SACCO
Compare all 1 products from Faidika SACCO in Kenya. Rates from 13%. Borrow up to Ksh 5,000,000.
Faidika SACCO Pros & Cons
+Pros
- ✓Competitive 13% interest on reducing balance
- ✓Up to 3x deposits development loan
- ✓Tailored for open-bond savers
- ✓Nairobi HQ anchor branch
- ✓Tenure up to 60 months
- ✓Open bond
-Cons
- ✗Restricted to community general 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
- ✗KES 5m ceiling
Eligibility Requirements
- ●National ID
- ●Membership certificate
- ●Payslips (3 months) or trade proof
- ●Guarantor forms (2+ guarantors)
- ●KRA PIN certificate
Frequently Asked Questions
What interest rates does Faidika SACCO offer?
Faidika SACCO offers interest rates from 13% across their product range.
What loan amounts are available from Faidika SACCO?
Faidika SACCO offers loan amounts from Ksh 20,000 up to Ksh 5,000,000 depending on the product and your eligibility.
How fast does Faidika SACCO disburse loans?
The fastest disbursement time from Faidika SACCO is 24-72 hours. Actual processing time varies by product type and application completeness.
Does Faidika SACCO require CRB clearance?
Faidika SACCO does not strictly require CRB clearance for all products. Some products may be available without a CRB check, though having a clean credit record is always beneficial.
How many products does Faidika SACCO offer on PesaMarket?
Faidika SACCO currently has 1 products listed on PesaMarket across 1 category: SACCO Loans.
Products Available
Compare Faidika SACCO With
Best For
- ✓Nairobi peri-urban traders
- ✓Chama groups
- ✓Boda boda riders
- ✓First-time SACCO members
- ✓Education fee borrowers
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