Mkulima Loans

Coffee loan

Designed to meet the financial need of the coffee farmers whose proceeds are channeled through the Sacco.
  1. 1 month active A/C ,fully paid member
  2. A very competitive interest rate
  3. A convenient repayment period
  4. A specific amount on investment deposits
 

Milk loan

Designed to meet the financial need of daily farmers whose milk payment is channeled through the Sacco
  1. 1 month active A/C, fully paid member
  2. A convenient repayment period
  3. Very competitive interest rates
 

Tea loans

Designed to meet the financial need of the tea farmers whose proceeds are channeled through the Sacco.
  1. 1 month active A/C ,fully paid member
  2. A very competitive interest rate
  3. A convenient repayment period
  4. A specific amount on investment deposits

Sacco Updates

Overdrafts
  1. Offered to existing and active account holders
  2. Rate of repayment is 2.5% per month
  3. Repayment within 12 months
  4. Must be secured and the collateral fully charged to Ammar Sacco.



Success Factors
  1. Concentration on a limited range of highly standardized credit products to reduce operating costs and streamline lending procedures
  2. Online compilation of key financial data and other risk relevant information concerning a client rather than relying on fragmentary out dated or inaccurate official data
  3. Compensation for the lack of conventional collateral through rigorous loan analysis and strong dynamic repayment incentives
  4. Joint decision making in credit committees which convene on a regular basis to keep processing times to a minimum
  5. A transparent and highly performance oriented staff remuneration and promotion system




Other services and benefits:
  1. Sale of in house Check books
  2. Sale of Bankers Check
  3. ATM Services
  4. Mobile Banking
  5. Free Financial Advisory Services
  6. No appointment to see Manager-Open Door Policy

Business Strategies