This applies to members of the SACCO who have contracts to provide services. The following features shall apply to this loan;

• A member should be a principal shareholder in the company contracted for services. This is verified by providing copies of the company documents.
• The disbursement shall be phased according to the nature of the contract.
• A post-dated cheque on the member’s account.
• A member should have at least 10% of the loan amount in SACCO shareholding and 10% in savings.
• A bank statement for the last 6 months on the account for which the cheque has been provided.
• A signed contract between the member and the contractor shared with the SACCO.
• The repayment amount will vary depending on the payment terms outlined in the contractual agreement and will not be monthly.
• The repayment period shall not exceed the contract period stated in the contractual agreement between the member and the contractor.
• An interest rate at 16% per annum reducing balance