AEA Plaza, Valley Road
+254 709 136 000
Mon - Fri 08.00 - 05.00

This is a mobile Loan Facility offered by Kimisitu Sacco, it enables quick access to cash wherever and whenever you need it, at the members’ convenience.

 

M-KIMISITU FEATURES

USSD Code:

*346# (Access to M-Kimisitu registered members

only)

Maximum loan:

A member can access a maximum of Kes.100, 000 or 80% of the deposits whichever is lower.

Security:

No security required but own members deposit

Repayment

period:

Repayment period maximum 5 months

Instalments

Payment to be done in monthly instalments

 

Interest

Rate:

The loan attracts Interest at the rate of 5% per

month on reducing balance

Interest Calculations

Interest is on reducing balance.

TOP UP

To allow top ups charge of 2.5% of the balance

All balances to be paid off with the TOP Ups and Take home be the balance

Penalty

In the event of not repaying the overdue M- Kimisitu Loan within the stated period, a penalty of 7.5% will be charged

Penalties in case of default

-Rollover with a charge of 2.5%

-Cannot access any product, dividends, mobile loan, interest, and any other loan until deposits reinstated.

- Immediate recovery from the deposits or other savings products

Default

Offset of the defaulted inclusive of interest and the penalties incurred shall be done 7 days extension after the expiry of the repayment period and member will be blacklisted from any other facility until the defaulted M-Kimisitu amounts are fully paid.

 

 

The product promotion ends on 31st December 2020

 

We are ISO 9001:2015 Certified 

 

Our Mission

To empower members economically by providing quality financial services through prudent mobilization of resources and excellent customer care.

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