Who this loan is for?
This loan is ideal for SACCO members who own registered or informal businesses and require funds to manage operations, restock inventory, expand premises, or boost productivity. It is suitable for traders, shop owners, service providers, and small-scale producers.
- Commercial Loan
Loan Details
Required Documents
- Valid National ID of the applicant
- Completed loan application form
- 2 guarantors with valid IDs
- Passport photo of the applicant and next of kin
- Proof of business ownership or operation
- Business site visit report (conducted by SACCO officer)
Additional Charges
- 0.7% loan insurance
- 2% loan commission
- 1% loan monitoring/appraisal fee
- UGX 15,000 stationery charge
- UGX 15,000 stamp duty (for loans above UGX 3 million)
Why Choose This Loan
- Provides flexible capital for growing businesses
- Loan amount scales with business size
- Business-friendly repayment terms up to 3 years
- Supports both formal and informal entrepreneurs
- Assessment ensures responsible lending
- Loan Features
Loan Amount
Members can access from UGX 300,000 up to UGX 300,000,000, depending on the scale of their business and repayment capacity.
Repayment Period
The loan can be repaid over a period of up to 36 months, allowing long-term flexibility for business stability and profitability.
Interest Rate
An interest rate of up to 36% per annum is charged on a declining balance basis.
Business Assessment
An assessment of the business premises and operations will be carried out. Proof of ownership or operation (such as business registration, receipts, or photos) is required.
Ready to Apply?
Visit your nearest branch or call 0782378716 to speak to a loan officer.
You can also email us at rwanyamahembesacco@yahoo.com.
