Credit Products

Tembo Sacco has a wide array of Credit products

Additional Services

Credit Products

Tembo Sacco

Credit Products

Jumbo Plus

  1. One can qualify up to 4 times their Sacco savings.
  2. Repayment period up to 84 months.
  3. Interest Rate 1.25% per month on a reducing balance.
  4. Minimum of three guarantors who must fully cover the loan amount.
  5. The loan is insured against death or total disability under loan guard policy.

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Credit Products

Jumbo Loan

  1. One can qualify up to 4 times their Sacco savings.
  2. Repayment period up to 60 months.
  3. Interest Rate 1.25% per month on a reducing balance.
  4. Minimum of three guarantors who must fully cover the loan amount.
  5. The loan is insured against death or total disability under loan guard policy.

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Tembo Sacco
Tembo Sacco

Credit Products

Normal Loan

  1. One can qualify up to 3 times their shares/deposits.
  2. Repayment period- up to 48 months.
  3. One must have been a member for 6 months with consistent monthly contributions.
  4. Interest rate 1 % p.m on a reducing balance.
  5. All loans must be fully secured by either guarantors or collateral security.

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Credit Products

Jisort Loan

  1. One can qualify for upto Ksh. 1,000,000
  2. Repayment period – up to 36 months
  3. Interest rate 3% Per month (reducing balance)
  4. Minimum of 3 guarantors who should be members of the Sacco and must cover the whole loan.
  5. Loan request are processed same day.

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Tembo Sacco
Tembo Sacco

Credit Products

Jijenge Loan

  1. One can qualify up to Ksh 2,000,000
  2. Repayment period up to 48 months
  3. Interest rate 1.5% per month on a reducing balance
  4. Minimum of 3 guarantors who should be members of the Sacco and must cover the whole loan.
  5. Loan requests are processed same day

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Credit Products

Jienjoy Loan

  1. Maximum that one can qualify for at any one time is Ksh 100,000
  2. Interest rate 12% per month on a reducing balance
  3. Repayment period up to 1 month.
  4. Self-guarantor ship is allowed
  5. Loan requests are processed same day

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Tembo Sacco
Tembo Sacco

Credit Products

Emergency Loan

  1. Maximum that one can qualify for at any one time is Ksh 200,000
  2. Interest rate 1% per month on a reducing balance
  3. Repayment period up to 12 months.
  4. Minimum of 3 guarantors who should be members of the Sacco and must cover the whole loan.
  5. Loan requests are processed same day

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Credit Products

Express Loan

  1. Maximum that one can qualify for at any one time is Ksh 200,000
  2. Interest rate 5% per month on a reducing balance
  3. Repayment period up to 12 months
  4. Minimum of 3 guarantors who should be members of the Sacco and must cover the whole loan.
  5. Loan requests are processed same day

Download Form

Tembo Sacco
Tembo Sacco

Credit Products

M-Tembo Loan

  1. This loan is instant and is applied using the mobile platform
  2. One must be registered on the M-Tembo platform.
  3. Maximum amount Ksh 50,000
  4. Interest rate 6% p.m
  5. Repayment 1 month

Credit Products

Maramoja Loan

  1. Maximum that one can qualify for at any one time is Ksh 100,000
  2. Interest rate 2.5% per month on a reducing balance
  3. Repayment period up to 6 months.
  4. Loan requests are processed same day
  5. No guarantors required

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Tembo Sacco