Working Capital (Societies)

Enables coffee societies to finance long term operations.

Features
  • Used to finance society’s long term activities for a period exceeding 12 months.
  • Interest rate is at base plus 1.75% per annum for secured facilities and base plus 2.75% for unsecured facilities.
  • A limit is loaded in the loan account and amount credited to the customer’s account.
  • There is no limit for the maximum amount and the tenor can be negotiated.
  • Appraisal fee charged on 2.5% of the loan amount approved and minimum chargeable is Kshs. 1,000.00
  • Annual review fee of 2.5% of the outstanding loan amounts on the facilities exceeding 12 months.