Flexible repayment terms and duration of up to 60 months (5 YEARS)
Multiple and variety of loan choices ranging from development to emergency loans, school fees to asset financing, instant to e-loans
Low and Affordable Interest Rates of between 1% to 1.5% per month on reducing balance
Collateral-backed loans-you can use land title deeds, car logbooks, etc to secure the loan
Low loan processing fees -Access loans with fixed costs for processing charges with no hidden charges.
Convenient Repayment methods using our ussd code and mobile app
Low Interest Rates-Affordable Loans for the ordinary man to do extraordinary things.
Variety in Loan Securities for the loan- You can use Guarantors, Collaterals and Chattels/Household Items to guarantee and secure the loan
Variety of Loan Products A wide range of loan products customised to meet your specific needs to choose from
E-Loans Available 24/7- Access instant e-loans which are automatically approved to sort out your emegencies up to a maximum of ksh 100,000/-. (T&C's Apply)
Quick loan processing -Considerate timelines for loan disbursements with a turnaround time of a maximum of 5 Days.
Top-ups/Refinancing/Restructuting-We allow for Loan Restructuring, Refinancing and Topu-ups and Rescheduling for members to meet their ever changing business and personal needs.
This is a loan advanced to a member who wants to undertake a minor or major project in any field such as business startup capital, residential or commercial construction, shares or stock investment, LPO or Tender Financing, etc.
Member's Deposit Savings account MUST be ACTIVE.
Loan is issued on Member's Deposit Savings at the applicable multiplier(1st & 2nd Loans at x2, 3rd Loan x3)
Member must remit Regular and Consistent Deposit Savings before and after loan issuance.
Flexible Interest rate of 1.3% per month on Reducing Balance.
Acceptable Loan Security; Memeber Deposit guarantee or chattels
Minimum Guarantors required: 3 Actively saving members.
Maximum repayment period: 48 MONTHS.
Loan can be Refinanced or Rescheduled to meet members growing needs.
Maximum Loan Amount: Upto X3 Member's Deposit Savings.
The Super-Development Loan is designed to meet the growing members' needs to execute and undertake capital-intensive projects and investments. It is designed to be Affordable, Repayable & Customer-Centric & Transformative by injecting capital into your ventures
Maximum Amount: Up to x4 of Member Deposit Contribution Savings.
Minimum Amount: Ksh. 1,000,000. (1M)
Interest Rate: 1% Per Month on Reducing Balance.
Maximum repayment Period: 60 Months.(5 YEARS)
Minimum Deposits: KSH 250,000/-
Loan Security/Collateral: Chattels only i.e, land, cars, buildings and houses, etc
Can be paid via the digital banking, check-off arrangement or through bank standing order
Loan security must be perfected before admission for use.
Minimum share capital Ksh. 20,000
Can be Refinanced
This is a credit product designed to fulfil the member's shelter and real estate investments. This product will enable members to acquire parcels of land at very affordable market rates.
Maximum Amount: x3 of Member Deposits
Interest Rate: 1.3% Per Month on reducing balance.
Maximum repayment period: 36 Months
Loan Security/Collateral: Both Chattels and Member Deposit Guarantee acceptable
Minimum Guarantors required if member deposits used as collateral: 3 Members
The plot may act as collateral to the loan.
Can be paid via the digital banking, check-off arrangement or through bank standing order
Can be refinanced. Attracts 7.5% fees on outstanding balance
This is a credit product designed for instant consumption. This product avails the option for a member to apply for a loan within their savings and self-guarantee themselves to finance both short term and long term goals and projects.
Maximum Amount: Up to 80% of Member Deposits not exceeding 0.5M
Loan Collateral: Self-Guarantee.
Disbursement: Approved and Disbursed within 24 Hours.
Maximum Repayment Period: 24 Months.
Minimum Membership Maturity Period: 6 Months
Interest Rate: 1.3-1.5% on reducing balance.
Can be refinanced at 7.5% fees
This is a loan product that enables our members to finance and acquire assets such as household items, office equipment, tools of work, machinery and equipment, etc. It is a loan that improves the quapty of pfe for our members.
Maximum Amount: Up to x3 of Member Deposits but not exceeding Ksh 100,000.
Maximum repayment period: 12 Months.
Interest Rate: 1.5% per month on reducing balance.
Loan Collateral: Minimum of 3 Guarantors or asset itself.
Membership period: Not less than 6 months.
Can be paid via the digital banking, check-off arrangement or through bank standing order
Cheque is done directly to the Vendor/Suppper.
Requires an invoice to be attached during apppcation.
This is a loan product designed to meet member emergencies such as hospital bills, school fees shortfalls, recovery from natural disaster,etc. The product is there to cushion members during difficulties.
Maximum Loan Amount: KSH 30,000.
Maximum repayment period: 12 Months.
Interest Rate: 1.3-1.5% per month on reducing balance.
Loan Collateral: Minimum of 3 Guarantors.
Can be paid via the digital banking, check-off arrangement or through bank standing order
This is a loan product designed to solve the school fees challenges by allowing members to plan for the educational needs of thier children or themselves in advance.
Maximum Loan Amount: Up to x3 of Member Deposits but pmited by the fees structure.
Repayment Period: Maximum of 12 Months.
Interest Rate: 1.3-1.5% per month on reducing balance.
Loan Collateral: Minimum of 3 Guarantors.
Must attach Fees Structure during apppcation.
Cheque is done direct to school.
Can be paid via the digital banking, check-off arrangement or through bank standing order
These are loans members can access via the app or ussd code instantly and at their convenience any time anywhere. These products have been designed to meet the evolving financial needs of our members.
Maximum loan amount: Ksh 100,000.
Repayment periods vary from 30 DAYS - 90 DAYS.
Interest Rate: Vary from 7% - 12.5%.
Minimum Share Capital: Ksh 3,000.
Minimum Deposit Savings: Ksh 3,000.
Account MUST be ACTIVE.
Approval & Disbursement: Instant.
Penalties: Attracts a 3.5% penalty on total outstanding balance for any defaulted instalment
| Loan Name | Min Amount | Max. Amount | Interest | Duration | Instalments |
|---|---|---|---|---|---|
| MOBILE LOAN | Ksh. 1,000 | Ksh. 100,000 | 7% P.M | 30 DAYS | 1 |
| ZOGHORI BUSINESS CASH LOAN | Ksh. 5,000.00 | Ksh. 100,000 | 10% for 60 DAYS | 60 DAYS | 2 |
| ZOGHORI CASH PLUS LOAN | Ksh. 10,000.00 | Ksh. 100,000 | 12.5% for 90 DAYS | 90 DAYS | 3 |
| Loan Name | Interest Rate | Multipper Factor | Loan Term (Months) | Max. Loan Amount (Kes.) |
|---|---|---|---|---|
| Development Loan | 1.3 - 1.5% | Up to X3 | 48 | Up to X3 |
| Super Development | 1% | X4 | 60 | Up to X4 |
| Plot Loan | 1.3 - 1.5% | X3 | 36 | Up to X3 |
| Instant Loan | 1.3 - 1.5% | 80% | 24 | 0.5M |
| School Fees Loan | 1.3 - 1.5% | X3 | 12 | Fees Structure(X3) |
| Asset Financing Loan | 1.5% | X3 | 12 | 100,000 |
| Emergency Loan | 1.3 - 1.5% | N/A | 12 | 30,000 |
Gariso Building, 1st Floor Right Wing on Meru Road,
Mombasa.
Behind Naivas Digo Supermarket, Town Centre.
GARISO BUILDING, 1st FLOOR, RIGHT WING
MERU ROAD, MOMBASA TOWN