Micro Finance Products

Group Loans

Individual Loans

As general information to members, the government policy and the TSC Third party regulations 2013 require that all loans be granted strictly subject to 1/3 rule.

Safe for BOSA loans which have 3times multiplier, FOSA loans shall require the applicant to observe 20% of the loan approved as Bosa deposits and 10% for all loans to be fully recovered via check off.

Ordinarily, long term and normal loans are credited to member’s a/c on 20th of every month.
However loan application must have been submitted before date 19th.

Members are requested to attach their 3 current pay slips to curb cases where some members conceal information of pay slips being committed elsewhere.

Meanwhile the TSC is working toward online submission so the said payslip to the Sacco by the members hence we are encouraging the members to register themselves at www.tsc.go.ke

General Conditions

The Society loans possess the following common characteristics:

1. Granted based on 3 times the members deposits apart from development, preferential and FOSA loans
2. The total member’s exposure on all loans with the Sacco
3. 10% of total non-withdrawable deposits for check off loans
4. 20% of total non-withdrawable deposits for other loans
5. Where the total exposure is above Kshs. 2,000,000.the member May provide extra tangible security
6. Guarantor’s deposits covering the entire loan
7. 2/3 rule must be observed during appraisal
8. Where there is self guarantee, loanee cannot guarantee loan exceeding 12months till completion of the loan payment
9. All loans forms with cancellation will be rejected