• United Winners Sacco 4th floor, P.C.E.A. Umoja Church. Tel: +254 (0) 709 453 000 /+ 254 (0) 721 516 546

Emergency Loan

    

Features
  • This product is meant to facilitate our customer’s unforeseen financial emergencies
  • Approval process takes up to 24 working hours
  • Repayment period is up to 12 months.
  • This product attracts an interest rate of 1% p.m on reducing balance.
  • Any member who has saved consistently for six months or a member with existing loans, with good repayment history qualifies

Requirements

  1. A duly completed loan application form
  2. Supporting documents must be attached for
    approval
  3. Attach copies of id for both the applicant and
    guarantors
  4. This product attracts an interest rate of 1% p.m on reducing balance.
  5. The application fee is 0.75% of the amount
    applied for and minimum rate of Ksh.600

 

         

Important to Note

  • All loans granted by the society must be fully
    secured either by guarantors who are members of
    the society or by use of collateral; Collateral will
    include a title deed/Property
  • The applicant is required to be an active Sacco member for a minimum of 6 months
  • The applicant is expected to make the required monthly contribution even as he/she is servicing the loan.
  • The member’s credit history is a major determinant for this and future loans.

Loan repayment options

Mode of loan repayment is through:

  1. Check off - by employer
  2. Standing Order – from Members Bank account to Sacco Bank Account
  3. Mpesa – to the Sacco paybill number
  4. DigiPesa – from Members Mpesa Directly to members Sacco Account
  5. Direct deposit – to Sacco Bank Account through any Coop bank Branch or Coop kwa Jirani Agent
  6. Direct debit – Sacco Bank collects from Member’s banks accounts.
  7. Money transfers – RTGS, SWIFT, PoaPay, Wave, SimbaPay, JamboGlobal, UAEXchange, Western Union , MoneyGram

 

Our Sacco aims to meet the financial needs of its members by encouraging them to save regularly and to borrow wisely for their development projects

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