Salam Based Barakaat Jumbo

The product is suited for members who would want to access products that are not asset backed.

Product Features:

• the member must have been an active member of the SACCO for a period of 3 months.
• The maximum amount financed shall be up to 3 times a member’s deposits.
• The facility shall be secured by guarantors.
• The maximum facility repayment period shall be 42 months.
• The facility is subject to the ability to repay.
• Repayment shall be done through salary or check-off.
• Pricing 13.5% profit margin (Contract Terms and Conditions Apply)

Documentation required:

• Copy of ID and KRA PIN.
• Financing agreement application form.
• Letter of Offer.
• Proof of income sources – employment/business.