Shoppers SACCO
Compare all 1 products from Shoppers SACCO in Kenya. Rates from 13%. Borrow up to Ksh 5,000,000.
Shoppers SACCO 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
-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
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 Shoppers SACCO offer?
Shoppers SACCO offers interest rates from 13% across their product range.
What loan amounts are available from Shoppers SACCO?
Shoppers SACCO offers loan amounts from Ksh 20,000 up to Ksh 5,000,000 depending on the product and your eligibility.
How fast does Shoppers SACCO disburse loans?
The fastest disbursement time from Shoppers SACCO is 24-72 hours. Actual processing time varies by product type and application completeness.
Does Shoppers SACCO require CRB clearance?
Shoppers 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 Shoppers SACCO offer on PesaMarket?
Shoppers SACCO currently has 1 products listed on PesaMarket across 1 category: SACCO Loans.
Products Available
Compare Shoppers SACCO With
Best For
- ✓Supermarket cashiers
- ✓Shelf workers and merchandisers
- ✓Retail store managers
- ✓Shift workers needing after-hours support
- ✓Mini-business owners within store canteens
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