We provide access to affordable credit to meet a variety of needs - from personal emergencies and school fees to business expansion. Our loan services are designed with competitive interest rates and member-friendly repayment structures.
Below are our loan products:
1. DEVELOPMENT LOAN
Basic Requirements
Be a member for at least six months
Pegged on three times of the borrower's normal shares
Loan application must be supported by the member's six (6) months milk delivery statement/payslips.
Collateral
Members deposit
The loan MUST be fully secured by guarantors
Repayment period
Maximum 24 months
The society charges an interest of 2% per month on a reducing balance
Loan application fee kes100
Appraisal fee of 0.025% on amount applied
Insurance fee of 2% will be charged on loan amount approved
2. FIMG DAIRY LOAN
Basic Requirements
Be a member for at least six months
Be a member of a CIG group.
Pegged on three times of the borrower's normal shares
Loan application must be supported by member's deposit or guarantors
Collateral
Members deposit
The loan MUST be fully secured by guarantors
Repayment Period
Maximum 12 months Straight-line method
The society charges an interest of 12% per month on a straight-line method balance
Loan application fee kes100
Appraisal fee of 0.025% on amount applied
Insurance fee of 2% will be charged on loan amount approved
3. FIMG POTATOES LOAN
Basic Requirements
Be a member of Sacco for at least six months and of a CIG group
Pegged in the ration of 1:1 the borrower's normal shares
Loan application must be supported by member's deposit or guarantors
Collateral
Members deposit
The loan MUST be fully secured by guarantors
Repayment Period
Maximum 4 months
interest of 11.9% straight-line method balance
Loan application fee kes100
Appraisal fee of 0.025% on amount applied
Insurance fee of 2% will be charged on loan amount approved
4. FIMG PEAS LOAN
Basic Requirements
Be a member of sacco for at least six months and of a CIG group
Pegged in the ration of 1:1 the borrower's normal shares
Loan application must be supported by member's deposit or guarantors
Collateral
Members deposit
The loan MUST be fully secured by shares or guarantors shares
Repayment Period
Maximum 4 months
The society charges an interest of 11.8% on straight-line method balance
Loan application fee kes100
Appraisal fee of 0.025% on amount applied
Insurance fee of 2% will be charged on loan amount approved
5. FIMG POULTRY LOAN
Basic Requirements
Be a member of sacco for at least six months and of a CIG group
Pegged in the ration of 1:1 the borrower's normal shares
Loan application must be supported by member's deposit or guarantors
Collateral
Members deposit
The loan MUST be fully secured by shares or guarantors shares
Repayment Period
Maximum 6 months
The society charges an interest of 11.4% on straight-line method balance
Loan application fee kes100
Appraisal fee of 0.025% on amount applied
Insurance fee of 2% will be charged on loan amount approved
6. FIMG PYRETHRUM LOAN
Basic Requirements
Be a member of Sacco for at least six months and of a CIG group
Pegged in the ration of 1:1 the borrower's normal shares
Loan application must be supported by member's deposit or guarantors
Collateral
Members deposit
The loan MUST be fully secured by shares or guarantors shares
Repayment Period
Maximum 6 months
The society charges an interest of 11.0% on straight-line method balance
Loan application fee kes100
Appraisal fee of 0.025% on amount applied
Insurance fee of 2% will be charged on loan amount approved
7. EMERGENCY LOAN
Basic Requirements
Be a member for at least two months
Loan application must be supported by the member's latest three months milk delivery statement/payslips
Collateral
Members deposit or milk delivery statement
Repayment Period
Repayment period 1 month
The society charges an interest of 5% per month on a reducing balance
Loan application fee kes100
Appraisal fee of 0.025% on amount applied
Insurance fee of 2% will be charged on loan amount approved
8. MEMBER SHORT LOAN
Basic Requirements
Be a member for at least six month
Pegged on three times of the borrower's normal shares
Loan application must be supported by the member's six (6) months milk delivery statement/payslips
Collateral
Members deposit
The loan MUST be fully secured by shares or guarantors shares
Repayment Period
Repayment period2-4 month
The society charges an interest of 2% per month on a reducing balance
Loan application fee kes100
Appraisal fee of 0.025% on amount applied
Insurance fee of 2% will be charged on loan amount approved
9. WAKULIMA LOAN
Basic Requirements
Be a member for at least six months
Pegged on three times of the borrower's deposit shares
Loan application must be supported by the member's deposit and latest three months milk delivery statement/payslips
Collateral
Members deposit
The loan MUST be fully secured by shares or guarantors shares
Repayment Period
Maximum 24 months
The society charges an interest of 12.0% on straight-line method balance
Loan application fee kes100
Appraisal fee of 0.025% on amount applied
Insurance fee of 2% will be charged on loan amount approved
10. MAZIWA LOAN
Basic Requirements
Be a member for at least six months
Pegged on three times of the borrower's deposit shares
Loan application must be supported by the member's deposit and latest three months milk delivery statement/payslips
Collateral
Members deposit
The loan MUST be fully secured by shares or guarantors shares
Repayment Period
Maximum 24 months
The society charges an interest of 11.0% on straight-line method balance
Loan application fee kes100
Appraisal fee of 0.025% on amount applied
Insurance fee of 2% will be charged on loan amount approved