KumbukumbuDT SACCO
Society Ltd.
We offer a diversified portfolio of loans and advances that is designed to equally sustain member development and other recurring needs.
We offer flexible loans to equally sustain and satisfy member development and other recurring needs.
| LOAN TYPE | MAX AMOUNT | MAX REPAYMENT PERIOD | DEPOSITS MULTIPLIER | INTEREST RATE | ELIGIBILITY | ||
|---|---|---|---|---|---|---|---|
| 1 | Ng'arisha Loan | 2/3 of monthly net salary | 12 months | N.A. | N.A. | Members | |
| 2 | FOSA Milele Loan | Ksh.4,000,000 | 84 months | 4x | 5% upfront then 1% p.m. | Members |
A product that is based on the monthly net salary.
- A member utilizes up to two thirds of their monthly salary processed through FOSA.
- Has a maximum repayment period of 12 months.
A product that is only available to members whose salary is processed through FOSA.
- Has a maximum limit of Ksh.4,000,000 or as may be decided by the board from time to time.
- Has a Maximum repayment period of 84 months.
- Has a 4x deposits multiplier.
- Interest of 5% upfront and then 1% p.m on reducing balance.
We offer flexible advances to our members so as to satisfy their immediate financial needs.
- Advances are given based on one's payslip ability, unless otherwise specified.
- Advances are only guaranteed by one's payslip, unless otherwise specified.
| ADVANCE TYPE | MAX AMOUNT | MAX REPAYMENT PERIOD | INTEREST RATE | ELIGIBILITY | ||
|---|---|---|---|---|---|---|
| 1 | Masaa Advance | 2/3 of the average one month deposit | 1 month | 10% p.m. | Members | |
| 2 | GIGA Advance | 2/3 of the average one month deposit | 3 months | 10% p.m. | Members | |
| 3 | Salary in Advance | 100% monthly net pay | 1 month | One-off 10% | Members | |
| 4 | Interest on Deposits Advance | 50% of last year's net interest | N.A. | 10% deducted upfront | Members |
A product not based on net pay but frequency of deposit amounts.
- Has a maximum amount of 2/3 of the average 3 months deposit.
- Has a maximum repayment period of 1 month.
- Charges an interest of 10% p.m.
A product not based on net pay but frequency of deposit amounts.
- Has a maximum amount of 2/3 of the average 3 months deposit.
- Has a maximum repayment period of 3 months.
- Charges an interest of 10% p.m.
A product based on the monthly net pay.
- Has a maximum amount of 100% monthly net pay.
- Has a maximum repayment period of 1 month.
- Charges a one-off interest of 10%.
A fund based on the interest accrued on deposits at the end of the financial year.
- Based on 50% of last year's interest.
- Interest of 10% of the amount approved deducted upfront.
- Recovered from the current financial year
Kumbukumbu DT SACCO Society Ltd has served its members for close to a century having drawn membership from various establishments and individuals.
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