UBUMWE SACCO GAKENKE
Before asking for a loan.
Prepare the purpose, figures and questions for your SACCO conversation. The SACCO confirms requirements and makes lending decisions.
Work through the steps
Explain what the money is for
List the purchases and the prices you have obtained. Show your own available funds and the gap. Separate immediate needs from purchases that can wait, so your request matches the project.
Prepare a repayment picture
Record when income arrives, household needs and repayments you already owe. Consider lower sales or a customer paying late. Keep these figures for the conversation.
Understand before signing
Request written costs and key product information. Ask about interest, other charges, collateral, repayment dates, late payment and early repayment. Request explanations in a language you understand.
IN YOUR NOTEBOOK
What to write down
- Project cost
- A purchase list and the quotations you received.
- Income and spending
- Your records to explain how money comes in and goes out.
- SACCO requirements
- Ask for the current checklist; do not send identity documents through this page.