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

This product helps members to use the modern solar energy to light up their houses and businesses since Hydro power is not reliable. RUSSO supports Government in the rural electrification of members who cannot access hydro electric power
The minimum loan is Sh. 500.000, while the maximum is Sh. 10.000.000=. The interest rate is 3% per month while the loan period is 8 to 12 months.
SACCO pays all installation and equipment costs.
Total costs involved is a loan amount disbursed to a client.
It is attached to shares at a ratio of 1:10/=
No Grace period is given to a client

Twitter
Visit Us