GROUP LOAN

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.

What You Get

• Maximum loan amount of UGX 80,000,000
• Fixed repayment period of 24 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

What You Need

Have these ready — it makes the process quick and easy.

1. 1 Group must be registered with certificate of registration
2. 2 Group must have existed for at least 6 months
3. 3 All members must hold SACCO membership
4. 4 Group must have saved with ESACCO for at least 6 months
5. 5 Maximum of 30 members per group
6. 6 Joint bank account for disbursement and repayment

Member Stories

"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."

Kampala Women's Cooperative

Agricultural Cooperative