Our loan products include the following:-
- Agricultural loans
- Agriculture added value chain financing loan
- Commercial loan
- Boda Boda loan
- School fees loan
- Emergency loans
- Solar light loan
- Home improvements loans
- Solidarity group loans
- Institutional loans
LOAN FEATURES
These loan products have the following features:-
- Monthly interest rate of 3% calculated on reducing balance basis
- The loan period ranges from 1-18 months
- Maximum loan size is at Ugx. 30,000,000= for individuals and Ugx. 60,000,000= for institutions and groups
- Payment terms are agreed upon on disbursement
TERMS AND CONDITIONS OF ACQUIRING A LOAN
- Buy an application form at Ugx. 10,000=
- The members saving account must be active with a minimum balance of at least Ugx. 50,000=
- Loan size: A member can access a loan equivalent to one’s shares at a ratio of 1:5
- Collateral security:- The security must be in form of land, plots, land tittles, Motor vehicle card and motor cycle card as additional security
- An agreement endorsed by LC 1 Chairperson
- Two (2) capable guarantors