Co-operative Loans
Cooperatives in Agriculture, Wholesale or Retail Trade, Mining, Financial Services and any emerging sectors. Thus production, marketing and value addition. |
Application Requirements
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National IDs for all paid up members (subscribers)
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Rules of Engagement or Constitution
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Sketch of map to residences of the executive committee of the cooperative.
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Sketch map to collective enterprise
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Colour group photo
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Association Registration Certificate where applicable
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Letter of Identification from any primary cooperative to which applicant is affiliated
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Cooperative Certificate from Government
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Title documents to assets
THRESHOLD
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•1st Time borrowers K30,000,001 to K50,000,000 •2nd Time borrowers K50,000,001 to K100,000,000 •3rd Time borrowers K100,000,001 to K250,000,000
TARIFFS AND INTEREST
Processing fee: 5.0%
Insurance:1%
Interest: 4.0% pm
REPAYMENT PERIOD
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3 to 36 months Minimum Grace period of 1 month may be granted
Recent Comments