Msingi Loans

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This loan is meant for business people and individuals who have graduated from a microloan. The loan is based on the business turnover and collateral provided.


  • Established businesspeople
  • 4 months bank statement
  • Organized books of accounts - statement of income
  • Attach photocopies of identify card, utility bill – current business licence
  • Site visit by the sacco officer a must
  • Valid collateral



  • Loan limit from Ksh. 10,000 and above subject to ability to repay
  • Use collateral like chattels, equipment, machine, land title, log book which must be legally registered with the customer
  • Collateral must be valued
  • Interest charge 18% - reducing balance
  • Insurance fee of 1% of the amount granted
  • Appraisal fee of 1% on the amount granted
  • Loan to be paid on equal monthly instalments
  • In case of follow up as a result of default, the customer bears the cost i.e. travelling and out pocket for officer involved at the rate provided by the society and charged to customer account.
  • 1 months grace period
  • dully filled form & affidavit
  • Loans below 100,000 shall be guaranteed by guarantors and such guarantee may be considered sufficient depending on other factors/variables of the applicant
  • repayment period:
    • 10,000-100,000 – 1year
    • 101,000-200,000 - 2 years
    • above 300,000 – 3years
  • depending on the amount applied the collateral shall be fully and legally charged
  • the collateral should be captured in the system
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