• WANANDEGE

    WANANDEGE

    Premier Financial Solutions provider

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FOSA

These are Front Office Service Activities; an investment of a society that is geared to providing more services/ products to members and managing competition from other Saccos and or Banks. more

BOSA

These are Back Office Service Activities, financial products offered against members deposits. These are traditional Sacco services where one saves and accesses the services... more

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Bosa loans

Development Loans

This is an option for those members that want to make improvements on their homes, acquire other property, or develop their farming land, the requirements for this loan are

  • It is granted for medium/long term investment purposes.
  • The loan is repayable in 48 hours.
  • Members require at least 3 months deposits before they qualify.
  • Interest on the loan is a 12% reducing balance.
  • This loan is also available for check-off members.

School fees Loans

This loan is provided for members to assist them to pay for their own, or their dependants school fees. Requirements for this loan are;

  • The loan is payable in 12 months.
  • The loan is available upon a members third deposit.
  • The interest on the loan is 12% reducing balance.
  • IThis loan is also available for check off members.

Emergency Loans

These loans allow members to pay for emergencies like hospital bills, burials and court cases, and the requirements are as follows;

  • Emergency loans are processed within 30 minutes of application.
  • The interest on the interest is 12% with a reducing balance.
  • Members are also required to fill a loan form.
  • Emergency loans of more than Ksh. 30,000 require documented evidence.
  • Security in the form of a guarantor or a members own deposits is also required.

Maisha Loan

The maximum amount that one can borrow in this category is capped at 2 million shillings..

  • Members qualify for this loan after 3 deductions received by the Sacco
  • The interest on the interest is 12% with a reducing balance.
  • Members are also required to fill a loan form.
  • Emergency loans of more than Ksh. 30,000 require documented evidence.
  • Security in the form of a guarantor or a members own deposits is also required.

    • Refinancing Loan

    A refinancing loan can help a member by replacing an existing debt under different terms, the loan is also a feature of the development loan and the qualifications for this loan are as follows;

  • The loan has a repayment period of 48 months.
  • To qualify for this loan a member should have made at least 3 deposits in the Sacco.
  • The loan carries an interest of 1% on reducing balance..
  • Emergency loans of more than Ksh. 30,000 require documented evidence.
  • Security in the form of a guarantor or a members own deposits is also required.

    • Star Loan

    The Star loan is a collateral based loan and not pegged on deposits

  • The loan is repayable in 72 months..
  • The applicable interest is 1.17% p.m. on a reducing balance..
  • The member applying for the loan should have the ability to pay or finance the loan.

    • Business Loan

    A business loan is a loan specifically intended for business purposes, at Wanandege Sacco to qualify a business loan a member has to fulfill the following requirements; .

  • This is a loan for business development to assist micro-credit members boost their business.
  • This loan is ideal for registered groups, individual business people, and registered companies.
  • One has to have transacted with Wanandege Sacco for at least 2 months.
  • The minimum amount of time for repayment of the loan is 3 months and it has a maximum time limit of 36 months.
  • The Loan amount is graduated based on repayable history, savings, consistency of servicing the loan, and Members deposit.
  • Applicable interest on the loan is at a rate of 14.5% straight line without a reducing balance.

    • Super Loan

    For our members financial growth and future, Wanandege Sacco is as invested in it just as our members are, this is the reason for this loan that offers members up to 20% higher loan eligibility.

  • The maximum limit to be eligible for this loan is 3 month deposits.
  • The loan is repayable within 60 months
  • Applicable interest is 12% p.a.
  • Members must contribute 6 months before they are eligible for this loan but for current members who have been contributing 10% continually qualify for the loan.
  • Reduction of deposits below loan banding is not allowed.

    • FOSA Loans and Advances

    Airlift Loan

    Be it business, medical emergency, or pleasure this service is tailor made to suit members needs 24 hours a day, all year round. To receive this loan a member needs to satisfy the following criteria.

    • Send your current Payslip to Credit Manager; jcheruto@wanandegesacco.com for review and setting loan limit.
    • One can only take a maximum amount of Shs. 140,000.00

      • Repayment

    • For a loan that is anywhere between Ksh. 20,001/= to Ksh. 70,000/= the payment period is 1 or 2 months.
    • For a loan amount anywhere between Ksh. 70,001/= to Ksh.140,000 the payment period is 1-3 months.
    • Dial *346# to access the Airlift loan today.

    Salary Advance

    This is a new service by Wanandege Sacco for its members that channel their salary through FOSA. with current living standards growing higher everyday we understand that for our members even adjusting living standards, it is necessary to meet urgent costs. Members through this service will be able to access part of their salary before the end of the month. This helps our members to meet their financial needs such as bills before accessing their end month salaries.

    • The loan is payable in 12 months.
    • The loan is available upon a members third deposit.
    • The interest on the loan is 12% reducing balance.
    • IThis loan is also available for check off members.

    Maternity&Paternity Loan

    When that little bundle of joy comes along the need to take some time off work is often an important decision that most couples are faced with, mostly considering the financial implications such a decision may come with. For members of Wanandege Sacco this decision is made much easier by our Maternity/Paternity Loan Service.

    • The product is well packaged to suit members on maternity/paternity leave.
    • The loan is repayable in 12 months.
    • Maximum loan granted granted is Ksh. 100,000/=
    • Applicable interest is 14%pa.

    Annual Leave Loan

    For members that have accrued those leave days and are intending to take an annual leave or holiday, Wanandege Sacco offers them a great opportunity to finance their holiday with very favorable interest rates.

  • Maximum loan granted is Ksh. 100,000/=
  • Repayable in 12 months.
  • Applicable interest is 14%p.a.
  • Emergency loans of more than Ksh. 30,000 require documented evidence.
  • Security in the form of a guarantor or a members own deposits is also required.

    • Bash Loan

    AFor those special occasions, celebrations, or weekend plans for Wanandege Sacco Members this is the best product for them.

  • Maximum loan granted is Ksh. 50,000/=
  • Repayable in 12 months
  • Applicable interest is 14%p.a..

    • Super Loan

    For our members financial growth and future, Wanandege Sacco is as invested in it just as our members are, this is the reason for this loan that offers members up to 20% higher loan eligibility.

  • The maximum limit to be eligible for this loan is 3 month deposits.
  • The loan is repayable within 60 months
  • Applicable interest is 12% p.a.
  • Members must contribute 6 months before they are eligible for this loan but for current members who have been contributing 10% continually qualify for the loan.
  • Reduction of deposits below loan banding is not allowed.

    • Advances

    This product is meant to meet members needs in between salaries and is available in long term and short term packages.

  • These loans are processed Instantly.
  • Short term loans of between 1-2 months accrue a 13% interest p.m.
  • Long term loans of between 6-12 months accrue a 14% interest p.m.

    • WHICH LOAN?

    WANANDEGE Savings and Credit Co-operative Society Limited was founded and registered on 22nd June, 1977 under the Co-operative Societies Act, Cap. 490. It is licensed under the Sacco Societies Act, Cap 490B to do Sacco Deposit Taking Business and is regulated and supervised by Sacco Societies Regulatory Authority (SASRA) The Sacco draws it membership from employees of Kenya Airways, related companies in the aviation industry, other non-aviation related companies and groups /individuals in business.

    BOSA LOAN
    100%
    FOSA LOAN
    85%
    MICROFINANCE INVESTMENTS
    75%

    BOSA LOAN

    BOSA LOAN

    • 1. Development Loan
    • 2. School Fees Loan
    • 3. Emergency Loan
    • 4. Maisha Loan
    • 5. Re-financing Loan
    • 6. Star Loan
    • 7. Business Loan

    OPERATING BALANCE

    Ksh 1000
    Sign Up

    FOSA LOAN

    FOSA LOAN

    • 1. Airlift Loan
    • 2. Maternity/Paternity Loan
    • 3. Annual Leave Loan
    • 7. Bash Loan
    • 7. Advance Loan

    OPERATING BALANCE

    Ksh 1000
    Sign Up

    MICROFINANCE

    MICROFINANCE

    • 1. Groups of 11 to 50 people
    • 2. Groups of 4 to 7 people
    • 3. Social Groups such as
    • 4. Registered businesses
    • 5. Churches
    • 6. Registered Companies

    OPERATING BALANCE

    Ksh 1000
    Sign Up

    How Much do you need?

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