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.
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.