Normal Loan

Normal loans are available to members who need finances for development purposes to be repaid over a maximum period of sixty (60) months and charged Interest at 1% p.m. subject to clause 3.2.10 on interest rates.

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Super Normal Loan

Super Normal loans are available to members who need finances for development purposes to be repaid over a maximum period of sixty (72) months and charged Interest at 13% p.a. The amount granted is up to 4 times member’s deposits.

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Emergency Loan

This loans are available for emergencies including hospitalization, funeral expenses, court fines, and/or any other unforeseen circumstances beyond the members’ control. Payable for twelve (12) months at an interest rate of 12% p.a.

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School Fees Loans

School Fees Loan applications must meet all the requirements for Normal Loans. Cheques shall be issued in the name of the institution and loans shall be repaid within a period of twelve (12) months at an interest rate of 12% p.a.

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Insurance Loans

Insurance Loans are available to members at 15% p.a repayable in 12 months. The premium cheques shall be issued in the name of the Insurance Company.

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Top-Up Loans

This is only applicable to normal and super normal loans. Members qualify for the 1st top up after 6 months of repaying a new Loan where a new Loan shall be defined as the Loan taken when a members’ loan balance is nil.

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Short Term Loans

This is a tailor-made product to assist the members in their most urgent financial need. The maximum amount of loan granted shall not exceed ½ of the member’s deposits. The loan is repayable for 12 months at 15% per annum.

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Instant (“Kadogo”) Loan

Shelloyees Sacco members can now access the Kadogo Loan facility by borrowing up to a maximum Kshs. 100,000, repayable in three installment or within (90) days at an interest rate of 3.5% per month.

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Likizo Savings Scheme.

A special purpose savings product where members are given the opportunity to save for special reasons like vacation. The minimum monthly contribution is KSh. 1,000 with an annual interest of 5 % p.a.

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Interest Advance Loans

This product is available between 1st January and the AGM day. It is a loan against interest receivable by a member on the deposits held at the end of 31st December of the preceding year. It’s guaranteed by the expected interest payment.

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Product Loan

Our Product loan offers members the opportunity to purchase various items through partnerships with various companies. Selected service partners include Safaricom, Hotpoint, Afrigas, Rotto Tanks and others.

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Makao Loan

Are you looking to purchase your dream home or a house as an investment? You can now access up to 6 times your deposit savings via the Makao Loan. The interest rate is 12.5% p.a on a reducing balance for a period of 10 years.

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Welcome to Jijenge Wallet

A sacco mobile platform that will allow you access all sacco services at your convenience!!

  • Access mobile loans
  • Buy airtime
  • Pay for goods and services via Paybill
  • Make SACCO deposits/ savings
  • Funds Transfers
  • M-Pesa Transfers
  • Guarantee loans
  • Check balances
  • Make general enquiries
Download Application Form

Asset Financing Loan

This loan product is be available for Shelloyees Housing projects only.

Requirements

  1. Loans are available to members who need finances for development purposes to be repaid over a maximum period of sixty (60) months and charged Interest at 14% p.a. or at a premium above the cost of funds whichever is higher.
  2. Must have been a member of Shelloyees Sacco for a minimum period of six (6) months and contributed not less than KSh.12, 000.00 in deposits. Must also be a member of Shelloyees Housing Co-operative, the maximum amount of loan granted shall not exceed 90% of the cost of the property.
  3. A sale agreement from Shelloyees housing cooperative society and proof of payment of 10% cost will be required in the loan application.
  4. Repayment from Salary shall not, in addition to the other deductions, exceed 2/3rd of a member’s basic salary.
  5. Repayment from other sources of income shall be supported by six (6) months certified bank statement. Normal guarantee ship requirements as provided for in this credit policy shall apply for these loans.
  6. Funds shall be disbursed to the Shelloyees housing society. All incidental costs arising out of this loan processing shall be borne by the borrowers.

The conditions for minimum monthly deposit contributions shall apply.