Provision of loans to its members is the main business of RUSHERE SACCO and it is what is demanded most by its members. Since its inception RUSSO’s operations, a market research was done.

  • Should be a member with Rushere SACCO

  • Should have operated an ordinary savings account for at least 3 months

  • Collateral Securities, 2 guarantors Bank and home guarantors (where applicable), spouse consent (if applicable)

  • Should be in areas of our operation.

  • Interest rate is 3% per month calculated on reducing balance method.

  • Loan period of 1 months to 24 months.

  • Interest rate is 3% per month calculated on reducing balance method.

  • Minimum amount of 100,000 and maximum of 50,000,000 for individuals

The product was introduced to support business entrepreneurs, who have income generating activities.

The minimum loan is 100,000= while the maximum is currently at 50.000.000/= for a loan period of 1-24 months at an interest rate of 3 % per month repaid into monthly installments on reducing balance basis.
It is attached to shares at a ratio of 1:10/=
No grace period is given on this product.
It is only given to clients who already have a running business.