Maendeleo Group Loan

Maendeleo Group Loan is a loan product specially designed for registered groups which a doing socio-economic activities.

KCBL will be able to provide services to majority in groups such as training, advisory and mentorship.

Target

Communities Groups, NGO’s, VICOBA/VSLAs

Benefits

  • No collateral needed
  • Free training, advisory and mentorship.
  • Duration of the loan from 6 months up to 1 year.
  • Minimum loan amount to provide is Tshs 200,000/=

Requirements

  • Minimum 5-20 members
    Group should be registered with relevant government organ (i.e Community Development or BRELA and others were applicable).
  • All group members must hold individual savings account.
    Insurance cover the loan.