USIU Africa SACCO – https://usiusacco.co.ke
The USIU Africa SACCO – https://usiusacco.co.ke. United States International University – Africa Savings & Credit Co-operative Society (USIU-A, SACCO) was registered under the Ministry of Cooperative Development and Marketing on 16th January 1985 as a Savings and Credit Cooperative Society. USIU Africa Fee Structure.
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USIU Africa Scholarships
USIU Africa Financial Aid
Loans:
Normal Loans: This is a loan of three times your savings payable over a maximum of 5 years at an interest rate of 12% per annum.
School Fees Loans: Maximum of KShs. 300,000 and payable within 1 calendar year at an interest rate of 12% per annum.
Short Term Loan: Obtainable within 24 hours and payable over a maximum of 4 months at an interest rate of 10% per month Straight line.
Emergency Loans: Maximum of KShs. 200,000 or one-half of the member’s savings whichever is lower at an interest rate of 12% per annum, repayable in 12 months.
Re-Financing Loans: Applicable after 12 months repayment of Normal Loan.
Savings
Holiday Saving’s Scheme (HOSS): A monthly check-off savings of minimum KShs. 1,000.00, earning an interest of 8% per annum for savings of at least six months, and paid back to the member by 20th December of every year.
The following requirements must be met to qualify for a loan.
- Fully completed loan application
- All loans must be guaranteed by self or by a guarantor or guarantors who must be an active member or members respectively, and must have contributed for at least sixmonths. Guarantors’ and/or applicants’ shares MUST be equal to, or more than the loan applied
- The employer MUST sign and rubber-stamp the application form
- An outstanding loan by the applicant MUST be cleared before a loan of the same kind is approved – with an exception of the Short Term Loan.
- A most current pay slip certified by the applicant’s employers’ payroll officer, MUST be attached to the loan application form
Contacts:
Address
14634-00800 Nairobi, Kenya
Office Line:
+254 730 116 296
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