Key features and benefits of GDC SACCO short-term credit facilities:
GDC SACCO is committed to providing its members with various financial services to meet their needs and goals. By offering competitive interest rates, flexible repayment terms, and convenient services, GDC SACCO aims to be the preferred financial institution for its members.
Loan eligibility – General Requirements
- Saved and contributed deposits diligently and consistently for at least six months
- Must be a fully paid up member i.e. have minimum share capital as per the Sacco by-laws
- Loans will be based on the ability to pay as per the financial statement
OUR MISSION
As a provider for complex steel structures, we can procure, manufacture and assemble tailor made solutions. Customers approach us because they know that we can handle and machine.
OUR VISION
Our vision is to create a better everyday life for many people.” That’s aspirational, short and to the point. More than that, it sets the tone for the company and makes it clear that they’re in the market.
This is a short-term credit facility for the SME members geared towards empowering the SME to become financially independent.
Requirements
- Active Imarisha account -Above 1 month
- Minimum Members Deposit – 25% of the loan value.
- Maximum repayment period -12 months
- Interest rate: 10% flat rate
This is a medium to the long-term loan advanced to dairy farmers to improve their dairy farming business or buy farm equipment subjected to five (5) months of income
Requirements
- The maximum un-secured amount is Ksh.500,000.00
- The maximum secured amount is Ksh.3,000,000.00
- Maximum repayment period – Loan above /secured Ksh.500, 000 - 24 months
- Below/unsecured Ksh. 500,000 - 18 months.
- Below/unsecured Ksh. 500,000 - 18 months.
This is a short-term advance to active small and medium business accounts holders to replenish stock
Requirements
- Maintain an active business account for 3 months
- Business proceeds must be channeled through FOSA
- Maximum - Kshs. 500,000 subjects to 2/3 of proceeds for the last 3 months
- Repayment period – Maximum 6 months
- Loan interest – 2.5% per month
- Minimum members deposit - 20% of the amount applied
This is a medium -term loan advanced to dairy farmers to increase their production
Requirements
- The maximum un-secured amount is Ksh.500,000.00
- The maximum secured amount is Ksh.3,000,000.00
- Maximum repayment period – Loan above /secured Ksh.500, 000 - 24 months
- Below/unsecured Ksh. 500,000 - 18 months.
- Below/unsecured Ksh. 500,000 - 18 months.
DELIVERING INNOVATION
We Create Unique Experiences
We are focused on building a long-term, sustainable business.