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 beneficiary
• 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.
