ELGEYO MARAKWET COUNTY YOUTH BUNGE SACCO
"Save more Invest Wisely"


Loan Products and Services

Kilimo Loans

It is Given 3 times the members savings with an Interest Rate of 1% per month. It also has a grace period of 2 months. The product Targets Agribusiness and Agricultural ventures.Interest rate is 1% per month. It must be fully secured. It is processed twice a year in April and August. Attracts a grace period of 2 months.

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Bodaboda Loans

Maximum Repayment period period of 24 months.Interest rate is 1% per month. Member savings of at least Ksh 33,000.Must be fully secured.Log book and ownwership will be transferred to the member after clearing his loan balance. Members are required to insure the motobike before issue.

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School Fee Loans

Maximum Repayment period is 12 months.Interest rate is 1% per month. It should be fully Secured, The member must have an income generating activity/business that can repay the loan. Should be supported by fee(s) structure, The money will be disbursed to the respective institution.

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Group Loans

The group Should Have a Minimum of 5 members.The Loan Ranges from 10,000 to 500,000, it must be 3 times the savings and should not exeed 5% of the total shared capital.Interest rate is 1% per month.Group meetings should be held weekly and the minutes indicating purpose of the loan and group objective should be submitted to the credit committee

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Emergency Loans

Maximum repayment period of 4 months. Interest rate is 3% per month.Maximum amount is Ksh30,000 or 3 times members savings/shares whichever is less. Must be fully secured. Applicable to existing members and for those with existing loans must have a clean repayment record.

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Biashara Loans

Maximum repayment period of 24 months. Must be 3 times members saving and should not exeed 5% of the total share capital. Must be fully secured.Interest rate is 1% per month.New members will repay within a period of 12 months.

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