Flexible Credit Solutions for Every Step of Your Journey
Whether you need a quick boost for emergencies, school fees, business growth or asset financing, Setyon DT SACCO has a loan product tailored to you. Enjoy competitive rates, flexible repayment terms and clear guidance at every stage of your borrowing journey.
Salary advance
Target: Individuals whose
salaries are channeled through FOSA accounts
Security: Salary and guarantors
| Repayment Period | Interest Rate |
|---|---|
| 1 month | 10% upfront |
Long-term advance
Target: Individuals whose
salaries are channeled through FOSA accounts
Security: Salary, Fixed deposits
and guarantors
| Repayment Period | Interest Rate |
|---|---|
| 3 to 6 months | 15% upfront |
Karibu loan
Purpose: This loan is designed for new members who have just
joined the Society and are newly employed.
Terms: The two-thirds rule is adhered to. The maximum amount
you qualify for depends on your ability to repay, and 1/3 of the loan amount
is capitalized to shares based on your BOSA savings/shares.
Security: Salary, savings, collateral and guarantors
| Repayment Period | Interest Rate |
|---|---|
| 24 months | 1.5% per month on reducing balance; 1% processing fee (max KES 2,000) |
Normal loan
Purpose: This loan is designed for members who have been
with the Sacco, have shares in the BOSA, and maintain accounts and share
deposits in the FOSA.
Terms: The two-thirds rule is adhered to when determining
the maximum loan amount.
Security: Salary, savings, collateral and guarantors
| Repayment Period | Interest Rate |
|---|---|
| 36 months |
1% per month on reducing balance; 1% processing fee (max KES 2,000) |
Emergency loan
Purpose: This loan is designed for members who may have
emergencies and unforeseen need for immediate cash.
Terms: The two-thirds rule is adhered to when determining
the maximum loan amount.
Security: Salary, savings, collateral and guarantors
| Repayment Period | Interest Rate |
|---|---|
| 12 months |
1.5% per month on reducing balance; 1% processing fee (max KES 2,000) |
Asset financing
Purpose: Financing of all types of NEW moveable assets such as
laptops, pickups, tanks and vehicles (NO PSVs).
Terms: Financing of up to 100% of the asset value with the
client required to hold a 25% deposit with the Sacco; maximum loan is 4 times
the deposit.
Security: Salary, deposits, logbook and guarantors
| Repayment Period | Interest Rate |
|---|---|
| 48 months |
1.1% per month on reducing balance; Processing fee of 2% |
Maziwa loan
Target: Existing dairy agribusiness value chain members.
Appraisal: Site appraisal to be done before lending.
Security: Member deposits and guarantors, chattels over livestock.
Additional terms: 5% of the loan is capitalized as deposits.
| Repayment Period | Interest Rate |
|---|---|
| 24 months |
Processing fee of 3% upfront; 12% p.a. interest on reducing balance; 10% interest upfront for advances, up to 75% of delivery. |
Cane loan
Target: Individuals and groups engaged in sugar farming.
Eligibility: Must be in contract to deliver cane to West Valley
Sugar Company or Soit Sugar Company.
Requirements: Irrevocable letter of remittance via Setyon Sacco
signed by the Finance Manager; evidence of farm ownership (title deed or lease
agreement); acreage and possible proceeds confirmed by the factory Agriculture
Manager; Factory Finance Manager to confirm any debt due to the factory.
Tenure: Finance up to a maximum of 1 year for farmers with
over 10 acres, and up to 6 months for farmers with less than 10 acres of cane.
Financing: Financing up to 50% of net proceeds, with 5% of the
loan capitalized as deposits.
| Repayment Period | Interest Rate |
|---|---|
| Up to 12 months |
1.5% per month 5% processing fee |
Soko loan
Target: Available to all market vendors in groups who wish to
expand and boost their Soko businesses.
Amount: Up to four (4) times deposits.
Group requirements: Groups of 5–20 members; group must save
for at least 2 months; all group members’ savings guarantee the individual
member’s loan.
Additional terms: Additional monthly savings of 5% of the
amount of loan issued to be deducted on the loan issued.
Security: Group guarantee, guarantors and savings
| Repayment Period | Interest Rate |
|---|---|
| 1 week / 1 month | 2.5% p.w one off (10% p.m) |
Kilimo loan
Tailored to meet farmers' and micro-entrepreneurs' needs.
Security: guarantors and savings.
| Repayment Period | Interest Rate |
|---|---|
| 10 months | 12% p.a Reducing balance |
Bridge loan
Purpose: This is a loan granted to members who are on
contract terms.
Target group: BOM teachers of public schools and teachers in
private schools, non-teaching staff, employees from private hospitals,
supermarkets and other private institutions.
Terms: The loan amount depends on the shares that one has
saved; 2/3 rule is adhered to.
Requirements: Loan form should be signed by the
Director/Finance Officer before further processing; an MOU should be signed
between the institutions and Setyon Sacco Society Ltd; members should
contribute monthly shares for at least 3 months consecutively; loan is granted
strictly on contractual terms and pay slip and employment letter must be duly
signed and stamped by either Finance/Director of the company.
| Repayment Period | Interest Rate |
|---|---|
| 24 months | 1.7% p.m reducing; 1% processing fee (max KES 2,000) |
Boda boda loan
Loan is accessible to members interested to have motorbikes for business.
• Regular savings of not less than 3 months.
• Minimum shares/deposits Ksh. 55,000.
• Maximum Loan amount is Ksh. 150,000.
• Money paid to Asset company via cheque and applicant to attach proforma invoice.
• Maximum repayment period is 18 months.
• Processing fee 2% of loan applied for.
• The Sacco will hold the logbook.
• Maximum loan is 3 times the member’s deposit.
| Repayment Period | Interest Rate |
|---|---|
| 18 months | 1.5% p.m. Reducing balance |
Prime advance
Facility designed for private institutions with short term finance needs.
Security: Deposits, collateral
| Repayment Period | Interest Rate |
|---|---|
| 1 day – 180 days | 2.5% per week up-front (10% p.m) |
Business working capital
Requirements: years Audited financials. Provide 6 months’ bank
statement and 4-year cash flow projection.
Licensing: Business permits and licenses necessary.
Limit: Maximum loan 4 times the deposit.
Security: Collateral, lien on deposit, letter of guarantee and
deposit build up as security.
Fees: Processing fee of 2%.
| Repayment Period | Interest Rate |
|---|---|
| Up to 48 months |
1.5% p.m. reducing balance. Processing fee of 2% |
Shule loans
Loan designed for private schools for development and purchase of school equipment.
School fees should be paid through Setyon Sacco or with a Setyon Sacco approved bank.
Proof of standing order creation from the approved bank is needed.
Repayment to be recovered termly (at the start of term).
Security: Collateral, Savings and savings build up.
| Repayment Period | Interest Rate |
|---|---|
| Up to 60 months |
1.5% p.m on Reducing balance. 2% Processing fee. |
Cash covered facility
The loan must be fully secured by the member’s deposits
(fixed deposits, savings, or share capital).
• Loan-to-security ratio of up to 90%.
• Lien on the pledged savings/deposit.
• In case of defaults, the Sacco automatically offsets the outstanding
balance using the pledged deposits.
• Allows top-ups or restructuring.
• Security – Deposits.
| Repayment Period | Interest Rate |
|---|---|
| 36 months | 12% p.a reducing |
Cheque Discounting
Short-term financing facilities allowing Sacco members,
especially businesses, to access funds before a cheque is cleared.
The cheque must be from a reputable source (corporate, government, or
verified entity).
| Repayment Period | Interest Rate |
|---|---|
| 3 days | 3% of the Value advanced. |
Inactive
Whether you need a quick boost for emergencies, school fees, business growth or asset financing, Setyon DT SACCO has a loan product tailored to you. Enjoy competitive rates, flexible repayment terms and clear guidance at every stage of your borrowing journey.
