Our Products
Disciplined savings, and affordable credit for individuals, businesses and groups — all governed by the members' Constitution.
Savings
Every member contributes monthly. Consistent saving builds your balance, your borrowing capacity and your share of distributable profits — which are allocated in proportion to qualifying savings.
Become a member| Category | Minimum / month | Maximum / month |
|---|---|---|
| Kenyan Resident | KES 200 | No maximum |
| Gulf / Diaspora | AUD 200 | AUD 2,000 |
| Groups & Organisations | Group savings account, contributions agreed by the group | |
Individual Loans
- Borrow up to 3× your accumulated savings
- One-month savings lock-in before your first loan
- Subject to liquidity, repayment capacity, guarantors and approval
- Mandatory 2% processing fee on approved principal
Terms & interest
| 1 month | 4% |
| 3 months | 8% |
| 6 months | 10% |
| 12 months | 12.5% |
Business / Group Loans
- Principal from KES 20,000 to KES 100,000
- For registered businesses, youth, community, religious & self-help groups
- Applied for by authorised trustees / directors / officials
- Requires a project assessment and supporting documents
- Same mandatory 2% processing fee
Terms & interest
| 3 months | 10% |
| 6 months | 12.5% |
| 12 months | 14% |
Fees & Charges
Loan processing fee
Charged once, on approval. Separate from interest.
2% of approved principal
Missed monthly deposit (Gulf / Diaspora)
Per missed monthly contribution.
AUD 50 flat
Late loan repayment
One-time, after a 5-day grace period.
5% of the overdue amount
The processing fee is separate from and additional to interest and any penalty. It is disclosed before disbursement and recorded in the SACCO's financial records.
Ready to take control of your financial future?
Join thousands of members who are saving, borrowing and growing together with Lewivest SACCO.