SOWO SACCO


SOWO SACCO LTD was established and registered in 2014. Its  membership has increased in good numbers. The SACCO’s core business is mobilizing savings and extending credit to members at affordable rates. Our SACCO has rolled out several products to cater for various needs of  its members.

The SACCO largely draws its membership from SOWO NGO, associated women and youth groups.
However, over time, its  common bond has expanded. Members of the public who meet the criteria for membership are welcome to join.

The SACCO success is stemmed on its effective management board who has been prudent in the
management of the SACCO affairs guided by the SACCO core values:


 Membership Application form.pdf


Loans

Agri- Business Loan

This loan is granted to members for their long term agri-business development projects.

  • The maximum amount for this loan is Ksh. 10,000,000/=
  • The maximum repayment period is 48 months.
  • The loan is granted 3* members savings.
  • Interest rate is on a reducing balance.
  • Loan amount must be fully guaranteed by guarantors
Jijenge Loan

This is a refinancing loan meant to help members who may have taken agri-business development loan and could not complete the intended project

  • The maximum amount for this loan is Ksh. 6,000,000/=
  • The maximum repayment period is 48 months.
  • The loan is granted 3* members savings.
  • Interest rate is on a reducing balance.
  • Loan amount must be fully guaranteed by guarantors
Imaarisha Loan

This type of loan is granted to members for their short term business needs. It includes: Suppliers etc

  • The maximum amount for this loan is Ksh. 750,000/=.
  • The maximum repayment period is 34 months.
  • The loan is granted 3* members savings.
  • Interest rate is on a reducing balance.
  • The loan application requires a supporting documents
  • Loan must be fully guaranteed by guarantors
Product Loan.

This loan is granted to members as a product. i.e Biogas construction, Green House etc

  • The loan is repaid in 24 months.
  • The maximum amount is Ksh. 250,000/=
  • There is no supporting document needed.
  • Loan must be fully guaranteed by guarantors
Special Loan

This loan is granted to members to comfortably settle their intended occasions with no hustle. This loan is granted to members with short term obligations.

  • The loan is repaid in 24 months.
  • The maximum amount is Ksh. 200,000/=
  • There is no supporting document needed.
  • The loan must be fully guaranteed by guarantors
Instant Loan.

This caters for members who have an immediate bill to settle.

  • The repayment period is 3 months.
  • Maximum amount is Ksh.100, 000/=
  • No supporting document is required.
  • The loan must be fully guaranteed by guarantors
.Advance Loan

This caters for members who have an immediate bill to settle.

  • The repayment period is 1 month.
  • Interest rate is 5 % on the amount borrowed.
  • Maximum amount is Ksh.10, 000/=
  • No supporting document is required.
  • Interest is deducted up-front

Products

Member Deposits: This non-withdraw able but refundable upon resignation from sacco. All members must save regularly at least Kshs 500.00 monthly
Other Short-term Savings: Members who are willing to save for some other occasions i.e Christmas, School Fee, wedding etc are welcome to open such accounts.


SOWO Savings And Credit Co-operative Society Limited
Siaya Community Library
Tel:0775 187 727
Email:sacco@sowoglobal.org