We offer 7 different types of loans which are classified as :
All Loans follow the below AOMCCUSHG By Laws ;
a) The product features shall be customized to fit the diverse
needs of members.
b) The repayment period shall be limited to a maximum of 24
months.
c) Normal interest rate for all other loans shall also apply to this
product.
d)Must be fully guaranteed.
This product shall be used to finance trading activities.
Features include:
1. Be available to individuals and corporates i.e Available to both individual and corporates.
2. The loan shall be advanced to ongoing businesses only.
3. The duration of repayment shall be determined as per the loan repayment schedule.
4. The loan must be fully guaranteed
a) The loan shall be fully guaranteed a shilling for a shilling.
b) The loan shall be repaid as per the loan repayment schedule.
c) Where the signatories of the church group changes, the terms.
of the loan will not be affected and the responsibility shall.
be transferred to the new Church council.
This is an all-purpose loan granted to all members individually or to corporates to finance development projects.
Features include;
1. Must be fully guaranteed for both individuals and corporates.
2. The duration of repayment shall be determined as per the loan repayment schedule.
This loan shall be disbursed to cater for school fees and related expenses only.
Features include:
1. The loan will only be disbursed after a valid school fees structure has been presented to the management.
2. The loan shall be disbursed via cheque to the institution directly.
3. Shall be repaid within a maximum period of 24 months for post-secondary education and 12 months for secondary and primary institutions.
4. Must be fully guaranteed.
5. Corporate members will not be eligible for this product.
This loan shall be disbursed for unforeseen circumstances e.g., sickness, natural disasters or accidents.
Features include:
1. Will be taken at a maximum of Kshs.100, 000.00.
2. Must be fully guaranteed.
3. Shall be repaid within a period of 12 months
4. Corporate members shall not be eligible for this product.
Refinancing will only be granted on the following conditions;
a) The member must have repaid 70% of the existing loan.
b) The member must have repaid the existing loan according to
the loan agreement terms.
c) The member must present detailed documents of an ongoing
project, activity and/or business and a budget to justify the
loan refinancing.
d) After refinancing, the loan security will be paid on the gross
amount of the new loan applied.
e) The loan will have to be guaranteed afresh.
f) Refinancing will be done only once at any given time and in
any loan cycle.
1 | 49,999 | 24 Months - 2yrs |
50,000 | 499,999 | 36 Months - 3yrs |
500,000 | 999,999 | 48 Months - 4yrs |
1,000,000 | and above | 60 Months - 5yrs |
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