Credit Facilities
Established in 2003, GDC Sacco has demonstrated a remarkable journey of growth and resilience.
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- Advances & Instant Credit
Salary Advance
This is a short-term loan for salaried members who channel their salary through FOSA.
- One month's salary
- The maximum amount shall not exceed 1/31/3 of net salary proceeds
- Repayment period - 1 month
- Interest rate - 10%
Milk Advance
This is a short-term advance for dairy farming members who channel their milk proceeds through the FOSA
- At least one month milk proceeds
- Maximum 1/21/2 last milk proceeds
- Repayment period - 1 month
- Interest rate - 10%
Kwamua Staff Advance
This is a medium-term loan for salaried members who channel their salary through the FOSA with a longer repayment period
- 3-month month salary
- Maximum amount - Kshs 50,000.0050,000.00 subject to 2/32/3 of three months' salary proceeds
- Repayment period - Below Kshs 20,000-3 months Above Kshs 20,000-6 months
- Interest rate −14%
Kwamua Advance
This is a medium-term loan for dairy farmers who channel their milk through the FOSA with a longer repayment period
- 3 - month milk proceeds
- Maximum amount - Kshs 50,000.0050,000.00 subject to a Maximum 2/32/3 of three months' milk proceeds
- Repayment period - Below Kshs 20,000−320,000−3 months Above Kshs 20,000 - 6 months
- Interest rate - 14%
Kahawa Advance
To assist coffee farmers in coffee picking and buying farm chemicals
- Half of the expected net income
- Next coffee payment (Maximum 6 months)
- Interest Rate: 10%
Cheque Advance
For cheques banked from reputable organizations
- Maximum Amount: Not more than 50% of the cheque value
- Repayment Period: Repayable immediately after the cheque clears
- Interest Rate: 10% upfront
Testimonials
“ During the time I have worked with SCG on this project, I have found Mike Campbell and his team to be highly knowledgeable and results-driven. Based on preliminary pilot testing and a strong understanding of subsurface. conditions, in particular fractured bedrock environments. ased on their work on this project. "
Derek AuCoin
Defence Construction Canada
“ For over 10 years working with SCG Industries on environmental contaminated sites they have continuously demonstrated excellent technical ability while ensuring superior customer service. Their collaborative approach and real time flexibility in adapting to changing conditions has contributed to the success of many project goals. “
Derek AuCoin
Defence Construction Canada
“ For over 10 years working with SCG Industries on environmental contaminated sites they have continuously demonstrated excellent technical ability while ensuring superior customer service. Their collaborative approach and real time flexibility in adapting to changing conditions has contributed to the success of many project goals. “
Derek AuCoin
Defence Construction Canada
“ For over 10 years working with SCG Industries on environmental contaminated sites they have continuously demonstrated excellent technical ability while ensuring superior customer service. Their collaborative approach and real time flexibility in adapting to changing conditions has contributed to the success of many project goals. “
Derek AuCoin
Defence Construction Canada