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.
Communities Groups, NGO’s, VICOBA/VSLAs
- 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/=
- 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.