Institutional/ Club/ Association- Based Group Loans

This loan is tailored for Community-Based Organizations (CBOs), religious institutions (such as churches and mosques), schools, and well-established groups. It is designed to facilitate the growth and development of institutions seeking to expand by acquiring more land, renovating existing infrastructure, or constructing new buildings. Rushere SACCO supports institutions by providing accessible and affordable financial solutions to meet their operational and developmental goals.

Requirements

• Loan amount up to Ugshs. 150,000,000=.
• A clear budget of the activity to be funded or approved Bills of Quantities from a professional engineer (for construction or renovation).
• Adequate security/collateral.
• Duly signed postdated cheques from the institution’s banker.
• Personal guarantees from the account signatories.
• Audited books of accounts for at least two years.
• Bank statement covering at least three months from the institution’s bank.
• Photocopy of the registration certificate and operating license.
• Stamped and signed minutes from the Board of Governors or members, showing resolution to borrow.