Kimisitu

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Loan Products

We are Committed to Championing Financial Independence

We aim to positively transform our members lives by offering them an opportunity to save securely and access credit at competitive interest rates.

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FAQS On Loan Products

  • Fully completed loan application form
  • The loan must be fully guaranteed through self-guarantorship, guarantors or collateral.
  • Employer MUST sign and rubber stamp the application form.
  • For employed persons: A most current pay slip certified by the applicant’s employer plus copy of contract letter or employer information form on our website.
  • For persons in business: 6 months certified bank statements plus confirmation of business income e.g. receipts, invoices.
  • Must have been an active member for at least three months.

All loans granted by the society must be fully guaranteed.

The Sacco loan multiplier for is *4 for Normal loans, *5 for Asset Finance loan and *7 for Mortgage loan.

The loan limit is currently at 50 Million.

A member with an existing loan is allowed to apply for a top-up loan from which the society will recover the balance of the existing loan and give the member difference.

A member is only allowed to offset his deposits against his loans if he is ceasing to be a member with the Sacco and with all terms and conditions met.

No interest or penalty is charged for clearing a loan earlier than the contracted period.

You can make extra payments using your self-service APP, MPESA Pay bill or Bank transfer.

One can transfer his deposits from another Sacco to Kimisitu. A member who does so is treated as a continuing  member and is eligible to access all Sacco products.

Join KIMISITU DT SACCO today and be part of this seamless experience!

Ready to join Kimisitu? Click here to access our Membership Form and start your journey toward financial empowerment today!