Affordable Loans
Loans tailored to your needs, the first step toward achieving your financial goals.
At Umodzi SACCO, we offer a range of loan products designed to support your personal, business, and family goals. Whether you’re looking to fund a business venture, cover educational expenses, or manage unexpected costs, our low-interest loans make borrowing affordable and accessible. With flexible repayment terms and a focus on member-friendly service, our loan products are tailored to help you achieve financial success.
Types of
Loans available!
Business Loans
For entrepreneurs and business owners, our business loans provide the financial support needed to grow, invest, and succeed.
For 1 – 5 years
This loan is applied from K1,500,000 and above. It can also be accessed instantly after joining and 10% of the loan amount applied, forms an initial share contribution to a member Shares account. The repayment period is 60 months and up to maximum affordability.
Normal Loans
The loan is applied up to K1,400,000. The loan can be accessed instantly after joining and 10% of the loan amount applied, forms an initial shares contribution to a member shares account (For New members only) therefore, repayment period is 36 months and up to maximum affordability.
School Fees Loans
Invest in your Future or your family’s education with loans specifically designed to make learning accessible and affordable. The loan application is only reviewed upon submission of a school fees structure. Repayment period is 12 months and up to maximum affordability
Pasavute Loans
If a member’s affordability does not allow a 3-months repayment period, a Pasavute loan is a backup solution that extends the emergency loan for 6 months. Minimum amount of K600,000 and up to maximum affordability.
Emergency Loans
The loan is applied, processed and disbursed by cash on the same day at the counter. It is also accessed instantly after joining. Repayment period is 3 months and up to maximum affordability
Kumanga Loan
The loan application is only reviewed upon submission of a building material quotation. Repayment period is 36 months and up to maximum affordability.
Pay-Day (Salary Advance)
This loan is deducted once off the next month, and it is accessed on the same day of application. It is also applied up to maximum affordability.
Fertilizer Loan
The loan is accessed anytime of the year. The loan amount is disbursed according to fertilizer market price. Therefore, repayment period is 6 months, and up to maximum affordability.
Group Loans
The loan is applicable to a minimum of 5 Umodzi Sacco registered members. Loan repayment is made through cash at the end of every month and repayment period is 6 months.
Takulandirani Loan
This loan is accessed instantly by all new members (newly employed civil servants) upon joining Umodzi Sacco. Repayment period is 1-24 months and up to maximum affordability.
Why choose
Our Loans
- Competitive Interest Rates: We prioritize our members by offering low-interest rates, making loans affordable and easier to repay.
- Flexible Repayment Options: We work with you to create a repayment plan that fits your budget and timeline.
- Fast and Simple Process: Our application and approval process is streamlined, so you get the funds you need when you need them.
- Personalized Support: Our team is here to guide you every step of the way, ensuring you have the support needed to make the most of your loan.
Ready to Take the
Next Step?
Whether you’re planning for growth or navigating life’s challenges, Umodzi SACCO’s loan services are here to help. Contact us to explore loan options and start your application today.
Call +265(0)885567591 or fill the form.