Working capital Overdraft (Societies)

To enable coffee societies to finance short term activities.

Features
  • Used to finance society’s short term activities for a period not exceeding 12 months.
  • Interest rate is at base plus 1.75% p.a for secured facilities and base plus 2.75% p.a for unsecured facilities.
  • A limit is loaded on the customer’s loan account for utilization.
  • There is no limit for the maximum amount.
  • Application fee charged as follows:-
  1. Kshs. 1- 100,000- charge Kshs. 1,500
  2. Kshs. 100,001- 500,000 ‘’ Kshs. 2,000
  3. Kshs. 500,001- 1,000,000 ‘’ Kshs. 2,500
  4. Kshs. 1,000,001- 5,000,000 ‘’ Kshs. 4,000
  5. Kshs. 5,000,001- 10,000,000 ‘’ Kshs. 6,000
  6. Above Kshs. 10,000,000 ‘’ Kshs. 10,000
  • Appraisal fee charged on 2.5% of the loan amount approved and minimum chargeable is Kshs. 1,000.00