AA Loans

Here at Angaza Afrika Sacco, we provide you with a number of Loan options. Below is a list of Loans we provide to our members.

 

plot-loan

Plot Financing

Enables members access funding for purchase of Plots… read more >>

boda-boda

Boda Boda Loan

Enables members access funding for purchase of Boda Boda… read more >>

im1

Normal Loan

This is to enable members access loans at affordable flexible terms… read more >>

chap-chap

Emergency / Instant Loan

This is to enable members to meet URGENT and Emergency needs… read more >>

salary

Salary Loan

This is to enable members to access Sacco Loans against their payslip… read more >>

soko

Soko Loan

This is to enable members to access quick loans for their businesses… read more >>

school

School Fees/Elimu Loan

Enables the member to access school fees loans at affordable flexible terms… read more >>

g-inue2

G-INUE – Special Needs Loan

This is to enable our physically challenged members fulfil their dreams… read more >>

kodi-loan

Kodi Loan

This is to enable members to access loans against Expected Monthly Rental Income… read more >>

 

NOTE:

A) GUARANTOR – SECURITY

If a member is being guaranteed – the following should be submitted

      1. The guarantor must sign on the Loan application form – to accept to be a guarantor

B) TITLE-SECURITY
If a member has provided a title  as the Security for a loan – the following should be submitted

      1. Original Title
      2. Valuation report
      3. Official Search from the Lands Registry
      4. 50% of the Value

C) LOG BOOK –SECURITY
If a member has provided a Log Book as security  for a loan – the following should be submitted

      1. Original Title
      2. Valuation report
      3. 3 Signed Blank Transfer Form
      4. Tracking device should be installed – so that the Sacco is able to track the
      5. 50% of the9 Value

D) CHATTELS MORTGAGE DOCUMENTS
If a member has provided Chattel Mortgage Documents as security  for a loan:

      1. Only Persons with registered businesses can provide Chattels as Security

(Household Goods shall NOT be used as Chattels Security

      1. A member Must Sign the Angaza Afrika Sacco’s Chattels Mortgage Documents (Sacco official should provide this)
      2. A Sacco Officer must visit the business.
      3. 6 months MPESA and/or banks statements must be provided.
      4. The sacco member must have been in that business for a minimum of 2 years

E) TOP –UP LOANS –
Members will qualify for top up loans – if ¾ of their existing loan has been repaid

F) One must register to become a member of Angaza Afrika Sacco to enjoy the Sacco Loans

G) Consistent Savings – Any Lump sum payments can only be considered for a loan after 3 months