LOANS

A loan is an indispensable commodity for starting or expanding any business. We are committed help our members thrive in their business. We shall give secured loans to members and ascertain member's ability to repay the loan; we are obliged to advise members on risk management to minimize default incidences.  

Loan Application Form is a 4 page document. The applicant must give all information as requested. The information is subsequently used by the Loans Committee to assess the loan. To view, click LOAN APPLICATION FORMS . Loan Application Form submitted with a Kshs. 200 are discussed monthly by the Credit Committee and feedback is given to the Applicant without any delay.


TYPES OF LOANS

DEVELOPMENT LOAN

 Given on a monthly basis, payable within 36 months, Given Two-three times the amount of accumulated savings.

 EDUCATION LOAN

 Given within 24 hrs, payable in 12 months and does not exceed Kshs. 50,000.

  INSTANT LOAN

 Given within 12 hrs, payable in 1 month and does not exceed Kshs.20,000.

 EMERGENCY LOAN

 Given within 24 hrs, payable in 12 months and does not exceed Kshs.50,000

NATURAL HEALTHCARE LOAN

 Given within 24 hrs, payable in 6 months and should be within the shares accumulated by the applicant or patient.  For healthcare cover for themselves and their families from our  natural health clinics.

Loans will be given on the basis of x 2 times and x 3 of share in members' first and second years respectively;  at affordable interest rate or administration expenses.

MEMBER ELIGIBILITY

  • 18 years and above
  • In business or employed
  • Organized club or group
  •  Good character and sound mind
  • Satisfy registration SACCO requirements (Non-refundable Entrance Fee Kshs. 500, 25 shares @ Kshs. 20 each; Kshs. 200 for Savings Passbook. Kshs. 100 for Members' Certificate)
  • Fill and sign Application Form
  • Provide 2 passport size photos and copy of National Identity Card

 

QUALIFICATION FOR A LOAN 

A member waits for a 3 month period during which profitable ENTERPRISE will be identified and evaluated to reduce risk of failure or default. Twice the amount of net savings is given as loan with endorsement by Guarantors for shortfall in deposits providing security for the loan. Old loans can be refinanced.


WIND DRIVEN ELECTRICITY GENERATORS

TASACCO is financing for Small Wind Turbines of various capacities to our bona fide members to bring about a pollution free environment void of diseases. From  our past experiences, we can confidently say that the pay back period for a wind turbine is about 3 years. Our wind turbines are maintenance free for over 20 years. It is therefore our pleasure to recommended this asset for those on or far from the national electrical power grid. Hurry up and place your order through our e-mail today. For prices CLICK HERE

TASACCO LOAN APPLICATION FORM REVISED.pdf TASACCO LOAN APPLICATION FORM REVISED.pdf
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MEMBER RESOURCE INVENTORY 1.pdf MEMBER RESOURCE INVENTORY 1.pdf
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REVISED LOAN POLICY & PROCEDURES MANUAL-.pdf REVISED LOAN POLICY & PROCEDURES MANUAL-.pdf
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NEW MEMBERSHIP APPLICATION FORM.pdf NEW MEMBERSHIP APPLICATION FORM.pdf
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TASACCO CLUB PROPOSAL TO CDF.pdf TASACCO CLUB PROPOSAL TO CDF.pdf
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Type : pdf
CDF FUNDS ALLOCATION.pdf CDF FUNDS ALLOCATION.pdf
Size : 55.881 Kb
Type : pdf

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