Butare Ward B, Kyamuhunga Town council, Bushenyi District
Loan amount Ushs. 50,000 to 30,000,000 for individual;
Loan amount UShs. 100,000 to 50 million groups and institutions
Repayment mode; Monthly for individuals, Termly / per semester for schools and institutions; It can also be set according to the cash flows of the client.
Interest 2 to 2.5 % per month reducing balance
Loan term of 6 to 24 months
Minimum of five shares.
Can be run alongside another loan.
Three Guarantors including the spouse of the applicant if applicable should fill the forms.
The product will be offered to clients with income generating activities.
Collateral security may be titled land, Kibanja, Permanent Commercial or Residential Building (but not matrimonial home), Chattels with receipts, Vehicle/Motor Cycle Original Log books.
For Members who would want a flat rate of interest will access the product at 2% per month but purchase 4% of the loan amount as shares and have a compulsory saving of 10% of the loan during the agreed loan period.