Location: Nairobi, Kenya
+254 797 932048 / 0707271773
info@sgp-sacco.com
Secure your future with flexible savings and smart investments.
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FOSA (Front Office Services Activity) is a SACCO product that offers basic banking services like those offered by commercial banks however
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Back Office Services Activity (BOSA) enables a member to make deposits and access credit services. The deposits are non-withdrawable…
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SGP Housing Cooperative Society is a sister company of SGP that offers affordable housing solutions to its members.
Read MoreOpen Asset Finance account today with at least 6 months
saving and acquire land or motor vehicle of your choice with
flexible affordable monthly payments.
NB: Security Perfection must be done
Interest charged at 1% p.m fixed.
Repayment period is upto 6 years.
Funding is upto 5 times.
Loan security asset acquired.
Valuation report required during appraisal.
Interest charged at 1% p.m fixed.
Deposit 30% then finance 70% - New car
Deposit 40% then finance 60% - Second hand car.
Maximum Repayment period to 3 years.
• Loan security asset acquired.
Comprehensive insurance cover for motor vehicle.
• Car track installed
• Funding is upto 5 times savings.
• Interest rate 1% p.m fixed.
• Loan security collaterals (logbook, Title deed) 6 months savings
• Granted after 6 months savings/member should have an active account.
Member must have minimum share capital of KES 2,500
Maximum loan amount is KES 30,000
• Member must have minimum savings of KES 35,000
Interest rate of 7.5% per month
Maximum repayment period of 1 month
• Qualification to be graduated based on member credit score.
Loan granted after 6 months of savings.
Maximum repayment period is 72 months.
For members in groups & cell groups:-
For cell groups minimum membership is 5 and maximum 20.
Interest rate is 1% P/A Fixed.
All loans shall be guaranteed by all members of the
group/cell groups.
NOTE: Any loan above Ksh.1 million shall be secured with a title
deed/logbook.
For members with BOSA accounts who wish to borrow individually
Interest rate is 1% P/A Fixed.
• All loans must be fully secured with logbook/title deed.
NOTE: Cell groups, Groups/Churches and Bosa individual loans
multiplier is 3 times of savings 1st loan and 4 times subsequent
loans.
Loan granted to BOSA members but must be within multiplier and
fully secured.
• Maximum loan amount is Kshs.300,000.
• Maximum repayment period is 24 months.
• Interest rate is 1% P/A Fixed.
Can run concurrently with BOSA Development/Normal loan
• An individual will be granted 80% of his/her share deposits.
Granted after 3 months of saving.
• Interest rate is 1% per month on reducing balance.
SGP Sacco is registered as a credit and savings society ltd under the ministry of co-operative society registered in the year 2021 and therefore governed by the corperative act and by laws. The society was initiated by a group of pastors however Currently open to general public.
Read MoreTo empower members economically through mobilization of Savings, access to affortable Credit.
Read MoreFriendship, Professional, Partnership, Stewardship and Transparency .
Read MoreMembers.
Revenue
Sacco Assets
Loan Portfolio.
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