Interest rate of 9% per annum to SACCOs and MFIs and 13% to Cooperative Unions and SMEs.
Interest is calculated on declining balance.
Loan period not exceeding 4 years.
Grace period of 6 months on principal.
Monthly or quarterly payments.
Loans are secured by personal, bank or institutional guarantees, collateral or debenture.
· Savings and Credit Cooperative Society
· Producers and Marketing Cooperatives
· Area Cooperative Enterprises
· Cooperative Unions
· Small and Medium Enterprises
· Microfinance Companies