Group Loan at OKE SACCO

This loan empowers collective business ventures by providing shared financing for registered member groups. Whether you’re a farmer’s cooperative, artisan collective, or market vendor association, this product offers joint borrowing with shared responsibility. The group structure builds accountability while giving access to larger loan amounts than individual members could secure alone – helping entire communities thrive together.

All group members must be active SACCO participants in good standing. We disburse funds after verifying your joint business plan and repayment strategy. The 15% annual interest rate is among our most competitive, recognizing the lower risk of group borrowing. Your regular meetings and collective savings history demonstrate commitment, making this an ideal product for organized member clusters pursuing shared economic goals.

Requirements:

  • Minimum 5 members per group
  • All members sign application form
  • Joint business plan submission
  • 10,000 UGX non-refundable application fee

Security:

  • Group savings pool (minimum 20% of loan amount)
  • Individual member shares as collateral
  • Loan Range: 1,000,000 UGX - 30,000,000 UGX (based on group size)
  • Interest Rate: 15% per annum
  • Repayment Terms: Weekly/Monthly installments (group chooses)

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