Chama Loan

Organised Chamas

Features

  • Loan up to 7 times chama’s savings
  • Flexible loan repayment period
  • Competitive interest rates
  • Fast processing
  • No penalty for early repayment
  • Loan disbursed to the Chama

Requirements

  • Chama must have saved for at least three months
  • Duly filled loan application form
  • Copy of ID/passport & Pin of applicant
  • Copy of group registration certificate
  • Trustee deed required
  • Chama has to be meeting regularly