Motor cycle loan

This loan product is designed for those who need a motorcycle as their source of income. The product has a direct impact on creating employment.

Key Features

Member Admission fees


Loan Processing Fees


Frequency of meeting

No Meeting

Cash Collateral against principal loan


Interest of savings

Not Applicable

Type of loan product

Motorcycle loan (Individual)

Loan size (1st cycle)

KSH 100,000

Loan duration

6 months and 12 months

1st loan disbursement

After two weeks

Loan increment each cycle

Not Applicable

Service charge/Interest Rate


Mode of repayment


1st instalment

After one week

Number of instalment

25 weeks / 6 months or 50 weeks / 12 months


50 Weekly instalments or 12 Monthly instalments

Loan insurance/risk premium


Risk cover

LOP will be written-off in case of borrower death

Advance instalment

Last 5 instalments ONLY for weekly instalments term.