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    info@sossacco.com

    +254 731 005723

    Chama Account

    This account is designed for small groupings enabling them to save with us and also be able to access and obtain loans at friendly terms. We require to have valid registration documents of the group for loan processing and registration procedures.

    We strive to give you the best and our loan repayment terms are friendly.

    FEATURES

    Some of the features of chama account loans are as follows:

    • The maximum amount is Ksh. 100,000.
    • The interest of 1% per month amortized.
    • The maximum repayment period is 12 months.
    • Processed within 1 day.

    TERMS AND CONDITIONS

    Some of the terms and conditions include:

    • Must be legally registered group.
    • Applicants must make a minimum of monthly contributions.
    • The loan borrowed must be guaranteed.
    • The mode of recovery is through check-off

    REQUIREMENTS FOR ACCOUNT OPENING

    • Valid registration documents.
    • KRA certificate.
    • Filled application forms.
    • Constitution and minutes.