Motorcycle loans
Provision of loans to its members is the main business of KKMF and it is what is demanded most by its members. Since its inception KKMF operations, a market research was done.
- Should be a member with KKMF.
- Collateral Security, 2 guarantors and home guarantor (where applicable), spouse or parent consent (if applicable).
- Should be in areas of our operation.
- Interest rate is 2% per month calculated on a flat Basis
- Loan period of 24 months.
This region has no reliable transport means and this product is offered to help members with quick means of transport. The SACCO buys the motorcycle after the member has completed all necessary procedures.
- The sacco buys the motorcycle and is given to the client as a loan
- No grace period is given on this product.