USIU Africa SACCO – https://usiusacco.co.ke

USIU Africa SACCO – https://usiusacco.co.ke

The USIU Africa SACCO – https://usiusacco.co.keUnited States International University – Africa Savings & Credit Co-operative Society (USIU-A, SACCO) was registered under the Ministry of Cooperative Development and Marketing on 16th January 1985 as a Savings and Credit Cooperative Society. USIU Africa Fee Structure.

USIU Africa SACCO Products

USIU Africa Scholarships

USIU Africa Financial Aid

Loans:

Normal Loans: This is a loan of three times your savings payable over a maximum of 5 years at an interest rate of 12% per annum.

School Fees Loans: Maximum of KShs. 300,000 and payable within 1 calendar year at an interest rate of 12% per annum.

Short Term Loan: Obtainable within 24 hours and payable over a maximum of 4 months at an interest rate of 10% per month Straight line.

Emergency Loans: Maximum of KShs. 200,000 or one-half of the member’s savings whichever is lower at an interest rate of 12% per annum, repayable in 12 months.

Re-Financing Loans: Applicable after 12 months repayment of Normal Loan.
Savings

Holiday Saving’s Scheme (HOSS): A monthly check-off savings of minimum KShs. 1,000.00, earning an interest of 8% per annum for savings of at least six months, and paid back to the member by 20th December of every year.

The following requirements must be met to qualify for a loan.

  1. Fully completed loan application
  1. All loans must be guaranteed by self or by a guarantor or guarantors who must be an active member or members respectively, and must have contributed for at least sixmonths. Guarantors’ and/or applicants’ shares MUST be equal to, or more than the loan applied
  1. The employer MUST sign and rubber-stamp the application form
  1. An outstanding loan by the applicant MUST be cleared before a loan of the same kind is approved – with an exception of the Short Term Loan.
  1. A most current pay slip certified by the applicant’s employers’ payroll officer, MUST be attached to the loan application form

Contacts:

Address

14634-00800 Nairobi, Kenya

Office Line:

+254 730 116 296

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