SACCO Banking & Non-Banked Financial Institutions

In addition to providing deposit and loan facilities to SACCOs, we also offer on-lending to members of these SACCOs.

Revolving limit

KCB offers overdraft facilities for Saccos with Front Office Services (FOSA) to lend to members who intend to borrow for urgent development purposes.

Benefits

  • Revolving Limit is high, as up to 50% of monthly front-office check-off amount can be advanced.
  • Recovery is by single instalment monthly, on a date that has been pre-agreed.
  • No appraisal fee is charged

Scheme loans for SACCO members

Loans extended to members of a SACCO which has entered into an agreement with KCB.

Benefits

  • More competitive interest rates are negotiated.
  • Members given letters of introduction by the SACCO.
  • Loan is done as check off with bank deducting loan amounts direct from members contributions.

Scheme loans for NBFI's customers

Loans extended to members of a NBFI’s members as per the agreement with KCB.

Benefits

  • More competitive interest rates are negotiated.
  • Loan is done as check off with bank deducting loan amounts direct from members contributions.


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