Asset Financing

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Asset Financing

The purpose of the product is to finance acquisition of property including Land, Buildings, private Motor Vehicles etc..

Features

  • Interest charged will be 1.5% per month on reducing balance
  • Security is the asset to be purchased. It is owned by the sacco and the member jointly through an agreement.
  • Repayment period is 5 years.
  • Sacco to finance up to 80% of the value and member deposit 20% with the sacco.
  • Maximum loan is Kshs. 3,000,000.

This a facility which has been introduced to help members acquire various assets for example Motor Vehicles, mills, Engines, Pumps and Excludes heavy commercial vehicles, and commercial vehicle specifically 'matatus'. Interest chargeable is 1.25% per month.

The term of the loan is up to a maximum repayment period of 5 years.


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Shirika Sacco Society LTD was registered on 24th April 1969 by the founding members of the Ministry of Industrialization and Enterprise Development Department. Main Office | SHIRIKA COOP HOUSE, Kipande/Ngara Rd | P.O. BOX 43429 - 00100, Nairobi | Tel: 0724610715, 0734897817 Email: info@shirikasacco.co.ke, shirikasaccosociety@gmail.com © 2016 Shirika Sacco Society LTD. All Rights Reserved. Designed & Developed by Adzumi.