Delga Sacco

Sacco Products

Repayment period will be 24 months. However a Member only qualifies for a loan equivalent to three times of his deposits.
The interest rate shall be 1% per month on declining balance or as shall be determined by the members throw an AGM.
The total of all outstanding loans, including Development loans, Emergency, Salary Advance, Top-up Loan and School fees must not exceed three times of his deposits.

Emergency loans enable our members to pay for emergencies such as hospital bills or fire

Maximum repayment period is 12 months.
Interest rate is 1% per month on reducing balance
The total of all outstanding loans, including Development loans, Emergency, Salary Advance, Top-up Loan and School fees must not exceed three times of his deposits.

Repayment period will be 60 months. However a Member only qualifies for a loan equivalent to three times of his deposits. (Because of 2/3 rule a member may be allowed to repay his loans within a period of sixty months.)
The interest rate shall be 1% per month on declining balance or as shall be determined by the members throw an AGM.
The total of all outstanding loans, including Development loans, Emergency, Salary Advance, Top-up Loan and School fees must not exceed three times of his deposits.

School fees loan shall be granted for school fees purpose. Repayment period shall be 6 months
The interest rate shall be 7 % per month
The total of all outstanding loans, including emergency and development loan, must not exceed three times an applicant’s deposit.
All payments shall be done directly to the beneficiary institution.

One must be having an existing Development loan or a normal loan to qualify for a top-up loan.
Repayment period does not change and the terms of the original loan will still apply.
The total of all outstanding loans, including Development loans, Emergency, Salary Advance, Top-up Loan and School fees must not exceed three times of his deposits.

Maximum of KES 50,000-Shares must be more than the 50K
Repayment period is one month-Default amount is deducted directly from the shares and a transfer commission will apply.
A commission will be 7% per month or as may be determined from time to time.
Loan is secured by a member’s contribution and not the salary.
Same day processing and requires no guarantor

The general requirement is that one must have been a member of the Sacco for period of six months.
One must fulfill all requirements of a specific loan product.

A member is required to have the minimum share capital at the time of applying for a loan.