Below are the products offered by Afresa Sacco:
Afresa Sacco Loans
Starter Loan
Products Features:
- Interest is 0.99% per month.
- Available to all new applicants, eighteen years old and above.
- One must fill the Society’s Membership application to join the SACCO as a member.
- Repayment period is within 90 days.
- Maximum loan amount is KShs. 20,000.00 for new applicants on a reducing balance basis.
- The recovery period will be 3 months.
- 30 days grace period from the date of loan disbursement.
- Mode of recovery is: any legal source of funds is acceptable.
Requirements:
- Copy of ID certificate.
- Two passport photos
- Minimum share value of kshs 1000.
- Three months membership with savings.
Okoa Loan
The best thing about okoa loan is that it favors you so much in that:
- The Interest Rate is 2.0%.
- Maximum amount borrowed is 80% of your shares.
- Repayable @ the end of the month.
SME Loan
- Interest rate @ 0.99% per month on reducing balance
- Repayment period is 12 months.
- Maximum amount granted is your savings x 3
Jijenge Loan
- Interest rate is 0.99 % per month.
- Repayment period is 12months.
- Maximum amount granted is your net salary x 3.
Advance Loan
Interest rate is dependent on the repayment period in that;
- 1 month @ 1.5 %
- 2 months @ 1.5 %
- 3 months @ 1.5 %
- Maximum amount a member can borrow is up to 80% of his/her net salary
- Principal and interest amounts are recoverable at the end of each month.
Emergency Loan
- Granted for unforeseen circumstances.
- Applicable interest rate is 0.99 %p.m on reducing balance.
- Repayable in two months.
- Multiplier is x3 your savings/ (subject to 1/3 salary rule).
- Only one emergency loan can be granted at a time.
Jisort na 500/100/1500
Enjoy Our 12 hour emergency Loan and Sort all your needs on TIME within 10 minutes.
- 1.Jisort na soo tano kshs 500.
- 2.Jisort Plus Plus kshs 1000.
- 3.Jisort Mara Tatu kshs 1500
Afresa Sacco contacts
Patel Flats, Behind Shell Petrol Station
P.O Box 468-40107, Kisumu
Phone: 020 810 0027
E-mail:info@afresa.com
Office Hours
| Monday | 8:00 AM — 5:00 PM |
| Tuesday | 8:00 AM — 5:00 PM |
| Wednesday | 8:00 AM — 5:00 PM |
| Thursday | 8:00 AM — 5:00 PM |
| Friday | 8:00 AM — 5:00 PM |
| Saturday | 8:00 AM — 3:00 PM |
| Sunday | Closed |
