Credit Facilities
Established in 2003, GDC Sacco has demonstrated a remarkable journey of growth and resilience.
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
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