Loans

Qualification for

Loans

. Borrow up-to a maximum of 3 times your savings @6.5% interest rate per year i.e 1% per month reducing balance

. A member qualifies for a loan after saving for six consecutive months

. The loan must be fully guaranteed a shilling for a shilling.

.no loans processing fees

. Loan refinancing considered only after prepayment of at least 70% of existing loan

.loans may be restructured in the case of permanent illness/accidents destroying major income    earning assets

. 3-7 days loan processing period

Loans repayment period is as below;

Below 50, 000-maximum of 2 years

Between 50, 001 to 499,999-maximum of 3 years

Between 500, 000 to 999,999-maximum of 4 years

Above 1, 000, 000-maximum of 5 years

 

The loans are approved within seven working days.

How to apply for a loan
  • Fill in loan application form
  • Return loan form for appraisal and approval
  • Pay loan insurance fund of 1% of approved loan
  • Collect loan cheque
  • Start paying loan promptly after a Grace period of one month.
Mode of payments

Members can make their remittances through the following banks;

Basilica Self Help Group

Caritas Micro Finance Bank- Cardinal Otunga Plaza

Account No: 1002007000102

Basilica Self Help Group

Cooperative Bank- City Hall annex Branch

Account No: 01100092802700

M-Pesa Paybill No. 527505

Account No: Member No. and Name

(Members are required to indicate on the banking slips their membership numbers)

We're Here To Help!

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Office

Holy Family Minor Basilica
Cardinal Otunga Annex- 2nd Flr
P/O BOX 40891-00100
M-F: 8am - 5pm
S-S: Closed

Emails Us

shg@basilica.caritasnairobishp.org

Call Us

Mobile: 0722128258
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