Mwingi Teachers SACCO
Compare all 1 products from Mwingi Teachers SACCO in Kenya. Rates from 12%. Borrow up to Ksh 5,000,000.
Mwingi Teachers SACCO Pros & Cons
+Pros
- ✓Competitive 12% interest on reducing balance
- ✓Up to 3x deposits development loan
- ✓Tailored for tsc-employed teachers across mwingi sub-counties
- ✓Mwingi HQ anchor branch
- ✓Tenure up to 72 months
- ✓Drought hardship 3-month grace
-Cons
- ✗Restricted to teachers common bond members
- ✗Guarantors required from same SACCO
- ✗Minimum 3 months deposits before first loan
- ✗Processing can take up to 48 hours
- ✗Mwingi teachers only
- ✗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 Mwingi Teachers SACCO offer?
Mwingi Teachers SACCO offers interest rates from 12% across their product range.
What loan amounts are available from Mwingi Teachers SACCO?
Mwingi Teachers SACCO offers loan amounts from Ksh 30,000 up to Ksh 5,000,000 depending on the product and your eligibility.
How fast does Mwingi Teachers SACCO disburse loans?
The fastest disbursement time from Mwingi Teachers SACCO is 24-72 hours. Actual processing time varies by product type and application completeness.
Does Mwingi Teachers SACCO require CRB clearance?
Mwingi Teachers 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 Mwingi Teachers SACCO offer on PesaMarket?
Mwingi Teachers SACCO currently has 1 products listed on PesaMarket across 1 category: SACCO Loans.
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Compare Mwingi Teachers SACCO With
Best For
- ✓Mwingi TSC teachers
- ✓Migwani boarding parents
- ✓ASAL teachers
- ✓Rural primary teachers
- ✓Teachers near retirement
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