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