Development Loan

Affordable credits to support a member take that next step in growth. Such as construction, farming etc

Repayment period of 48 months

Interest rate per month 1.0% on reducing balance

To qualify a member needs his/her deposits X 4 fully guaranteed

Personal Loan

Credit facility designed to support each member’s unique financial needs

Repayment period of 36 months

Interest rate per month 1.0% on reducing balance

To qualify a member needs deposits X 3 fully guaranteed

Premier Loan

Loan facility tailor-made for members who need additional financing for a longer period

For super savers members with deposits of not less than Kshs. 500,000

Repayment maximum period of 72 months

Minimum monthly deposit contribution of Kshs. 5,000

Interest rate per month 1% on reducing balance

To qualify a member needs deposits X 4 fully guaranteed

FOSA Personal Loan

Unsecured loan available to members who have channeled their salaries through DESACCO FOSA for at least 3 months

The maximum repayment period is 36 months

Interest rate of 12.5% p.a. reducing balance

The member must have fully paid up the minimum share capital

One must be a member for at least 6 months in order to qualify

Members who take up this product must have minimum monthly contributions of KShs 5,000.00

Maximum loan amount is Kshs. 600,000

25% of the Loan amount shall be retained as member's deposits

Only given on check off basis

Fully guaranteed

Sharia Loan

Maximum loan amount is 3 times members’ deposits.

Loan maximum repayment period is 36 Months

Zero interest and zero processing fee is charged on this loan

Minimum monthly contribution of Kshs. 5,000 and Kshs. 10,000 for loans above Kshs. 450,000 and Kshs. 1,000,000 respectively.

Members who apply for this loan are not eligible to get dividends and interest on deposits

Monthly account maintenance fees of Kshs. 1000 (will be reviewed annually)

Members to save for at least 12 months before borrowing, with no share boosting