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Diaspora Chama Investment Loan

Product targeting Kenyan Diaspora who are in groups/SACCOs/Co-operatives/companies and wish to invest collectively back at home.

Great features

90% financing of the total cost of project.
Loan amount: 200M based on ability to pay
Loan Period: up to 120 Months based on purpose

For charges applicable to this product/service, refer to the tariff guide available on this link.

What you require to sign up

75% or more of the members must be Kenyan Diaspora. Those that are not Diaspora must be Kenyan locals. Membership by foreigners is not allowed All members/ shareholders must be 18 years and above.
Registered groups/SACCOs/Co-operatives with proof of existence for at least 2 years.
Be registered with the relevant registration agencies in Kenya.
A new or existing Equity Bank Group account; for new accounts, bank statements for current/prior accounts held in other financial institutions is required.
Minimum membership: 5 Members

Easy steps to get this loan

Incorporate the group with relevant government body
Visit/Call your branch for support

Why you should sign up for this product
- Project financing and development purposes
- Mortgages
- Insurance premium financing
Benefits of Diaspora Chama Investment Loan
- Opportunity to build savings culture.
- Access to 24 hours banking services through Multiple
- Approval Service for Joint & Group Accounts
- Opportunity to be advanced up to 3 loans running concurrently.
- Flexible repayment loan tenure
- Online free financial education and entrepreneurship training
- Relationship management/ Advisory services available
Security
- Shareholders/Directors Personal Guarantee
- Conventional Security
Rights and Obligations
- T & Cs of loan facility are detailed on the offer letter.
- Customer data privacy policy is included in the offer letter.
- The rights and obligations of the borrower are detailed in the offer letter.

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Equity Bank is Regulated by the Central Bank of Kenya

Call Toll Free: 0800 211 178