Loan product
Asset and Equipment Finance
Machinery and equipment, financed up to 80 percent.
Finances milling machines, delivery motorcycles, solar systems, incubators, irrigation pumps, computers and clinic or salon equipment, with the member contributing at least 20 percent. Clusters may use it for shared facilities such as processing units and workshops, up to UGX 500 million. The SACCO negotiates discounted prices with approved local suppliers.
- Eligibility
- Enterprises and clusters needing machinery and equipment.
- Amount range
- Up to UGX 500,000,000
- Maximum repayment period
- 48 months
- Interest rate
- 11.5% p.a.
- Calculation method
- Reducing balance
- Guarantors
- To be confirmed
- Collateral & security
- The financed asset, registered as security.
- Fees
- Processing fee of 1 percent of the loan. Credit-life insurance at cost. Late payment: 1 percent per month on the overdue instalment only. A key facts statement before disbursement.
Repayment illustration
Estimate your repayments
Reducing balance estimate
Estimated monthly repayment
UGX 443,075
- Total interest
- UGX 316,906
- Total repayment
- UGX 5,316,906
Illustration only. This is not a loan offer or approval. Actual terms, fees and eligibility are confirmed in your loan agreement after appraisal.