Business Loan

Business Loan at OKE SACCO
This Loan gives you the capital to start, expand, or stabilize your enterprise. Whether you need inventory, equipment, or working capital, we provide financing from 500,000 UGX to 20,000,000 UGX based on your savings history and business potential. Many members have used these funds to open shops, boost production, or recover from seasonal slumps – turning our loans into lasting business growth.
To qualify, you’ll present a clear business plan showing how you’ll use and repay the funds. We offer flexible daily, weekly, or monthly repayments tailored to your cash flow. Your existing SACCO savings and shares serve as primary collateral, with options to add business assets or guarantors if needed. The more consistently you save with us, the higher the loan amounts you can access through our graduated lending program.
Collateral Options:
- Your SACCO savings balance
- Share certificates
- Business assets/inventory
- Two guarantors (members in good standing)
Fees:
- 10,000 UGX application fee
- 2% insurance fee on approved amount
- 1% commitment fee on approved amount
- Loan Range: 500,000 UGX - 30,000,000 UGX
- Interest Rate: 18% per annum
- Repayment Terms: Daily/Weekly/Monthly (matched to your revenue cycle)