Uasin Gishu Coop

This Mobile App is available to SACCO members whose SACCO have registered with the County Government of Uasin Gishu Cooperatives Department for System Provision. A given user must get a code for their respective SACCO to be able to access the App (Contact your SACCO and get right SACCO code to use). Different users will access different services depending on the services availed by their SACCO. Some of the Services available for most SACCOs include saving submission, saving statement access, loan application (approvals are done by SACCO staff who in turn disburse according to existing Business Process), Loan Statement Access.
For SACCOs with Loan Offering, a sample Loan Schedule is provided below:

Loan Period - 5 Months
Monthly Interest Rate - 2%
Processing Fee - 1% Deducted Upfront
Applicable Maximum Annual Percentage Rate (APR) - 24%
Loan Principal - KES 20,000
Disbursable Amount - KES 19,800.00
Total Repayable Amount - 21,215.85
Total Cost of Borrowing on the borrowers for such a Loan is KES 3,125.85 (KES 2,000 Processing Fee + KES 1,215.85 Interest)

Repayment Plan

Month Installment Amount Interest Loan Balance
1 4,243.17 400 21,215.85
2 4,243.17 323.14 16,972.68
3 4,243.17 244.74 12,729.51
4 4,243.17 164.77 8,486.34
5 4,243.17 83.20 4,243.17