Normal Loan

Intended to help members in improving their economic activities and social being.  Repayable within a maximum period of 60 months (5 years) at 1% interest per month on reducing balance. Approved once per month by the Credit Committee. Disbursed on a first come first served basis.

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Boresha Loan

Repayable within a maximum period of 84 months (7 years) at 1.29% interest per month on reducing balance. A multiplier of four (4) times a member's deposit is used subject to 2/3 of gross salary. The loan can be bridged (top-up) or used for amalgamating other loans. Approved once per month by the Credit Committee. Disbursed on a first come first served basis.

Super Loan

Repayable within a maximum  period of 72 months (6 years) at 1.25% interest per month on reducing balance.  The loan can be refinanced anytime or used to amalgamate other loans. Approved once per month by the Credit Committee. Disbursed on a first come first served basis.

Collateral Loan

Repayable within a maximum  period of 84 months (7 years) at 1.05% interest per month on reducing balance. Loan is guaranteed through land title deed. Search is conducted on the property being offered as security, valuation of asset is done and then the asset is charged. All charges are paid by the member. Amount granted will be based on the 2/3rd of salary and 70% or 50% of the mortgage value of commercial land/building or agricultural land respectively. Disbursed on a first come first served basis.

Special Loan

Repayable within a maximum  period of 84 months (7 years) at 1% interest per month on reducing balance. Member to present a letter of separation from the employer. Only members without formal employment will be eligible for the product. The loan is used for amalgamating/rescheduling existing loan(s). No banding requirement, therefore, the minimum deposit is Ksh. 4,000. Disbursed on a first come first served basis.

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Contact Us

Location: Golf View Suites, 3rd Floor, Muthaiga
along Wambui road, off Kiambu/Thika road
Postal address: P.O. Box 11539-00400, Nairobi.
Tel:  +254 (020) 2211600
Cell: +254 (0) 720 833326 / 733 967707
Email: info@balozicoop.com/balozisacco@gmail.com

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