Business Loans

RG Sacco Ltd.

Qualifications for a Business Boost Loan:

  • A member must have saved for 3 months
  • A member must have saved at least Kshs. 1,000/- per month
  • A member must have at least 20% in shares
  • Loan amount is upto 3 times your savings
  • It must be secured
  • Loan security includes:
  1. Stable business followed by a RG Sacco Ltd member as a witness
  2. Guarantor(s)
  3. Log book
  4. Title deed
  • All expenses incurred in processing (charging) the logbook or title deed are born by the borrower.
  • Interest rate is 1% per month
  • It takes 45 days to process