Vision Afrika Sacco has introduced a facility which is targeted to help Sacco members acquire various assets such as, a lorry, a Bus, a Commercial vehicle, a Private vehicle, a Tractor and Tuktuk.
Asset Finance includes: Motor vehicle, Pikipiki, Tuktuk, Shamba /plot Loan.
+ Granted up to 4 times a member deposit.
+ The log book shall be registered in the joint name of the Sacco and the member.
+ The loan shall be guaranteed up to 1/3 of the loan value of guarantors.
+ The repayment shall be over a period of 48 months at an interest rate of 1% per month.
+ The compulsory monthly deposits shall be guided by the loan amount as is the case in the normal loan.
For purposes of accessing this loan a motor vehicle include:-
A lorry, a Bus, a Commercial vehicle, a Private vehicle, a Tractor and Tuktuk