Stoke Uk Diaspora Sacco

land/property loan

We will help you buy land or a house

This product enables members to own a piece of land or buy a house. The member can either buy the land/property from the market or take advantage of discounts and offers from the Sacco and its affiliate partners e.g. Safaricom Investment Cooperative and 14 Trees Homes.

Requirements

  1. To qualify, one must have completed at least 6 months of membership and must be up to date with their monthly contributions.
  2. Ensure contributions have been consistent for at least 3 months prior to the loan application.
  3. Ensure that savings contributed in lump sum for the purpose of taking a loan have been in the Sacco for at least 3 months
  4. Show proof of ability to repay the loan.
  5. A member who transfers shares from another society will only be eligible for a loan after 3 months.
  6. All loans shall be insured by a reputable insurance company against death or permanent disability.