GROUP LOAN

GROUP LOAN Groups

Group Size

Meeting Frequency

Product Tag

Teams of 30

About This Product

The Group Loan provides financial support to organized groups of SACCO members. It utilizes group dynamics and collective responsibility to enhance loan security and repayment, making it ideal for community-based enterprises and joint ventures.

Product Features

  • Maximum loan amount of UGX 30,000,000
  • Fixed repayment period of 12 months
  • Interest rate of 14% per annum on flat rate
  • Loan fees of 2% of the loan amount
  • Flexible repayment options including direct deposits and standing orders
  • Group collateral and joint liability

Requirements

  • Group must be registered with certificate of registration
  • Group must have existed for at least 6 months
  • All members must hold SACCO membership
  • Group must have saved with ESACCO for at least 6 months
  • Maximum of 30 members per group
  • Joint bank account for disbursement and repayment
Apply Now
Call Us Now 0326211320

Success Stories

Kampala Women's Cooperative
Kampala Women's Cooperative
Agricultural Cooperative

Our farming cooperative received a Group Loan that helped us purchase equipment and expand our operations. The group approach made it easier for all of us to access financing.

Need Assistance?

Our team is ready to help you with any questions about our groups products.

Call Us

0326211320

Visit Us

Plot 175999, Katalima Road, Naguru, Police HeadQuaters,Kampala.

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Loan Calculator

Monthly payments limited to 48% of salary
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