Loans · Startup

STARTUP LOAN

A loan product intended to support members in starting up new business enterprises.

Interest Rate

14% p.a.

Term

Up to 12 months

Maximum Amount

UGX 10,000,000

About This Product

The Startup Loan provides seed financing to SACCO members looking to launch new business enterprises. It offers accessible financing with a shorter repayment term suited to new ventures.

What You Get

  • Maximum loan amount: UGX 10,000,000
  • Maximum loan period: 12 months
  • Interest calculated on reducing balance method
  • Loan processing fee of 2%
  • Other Terms and conditions apply

What You Need

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

  1. 1 Must be a registered SACCO member
  2. 2 Minimum 15% of the loan amount in shares
  3. 3 Must have saved regularly for at least six months
  4. 4 Good credit history with the SACCO

Loan Calculator

Monthly payments limited to 48% of salary
UGX
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Months