The Main Loan is our flagship credit facility designed to provide substantial funding for
your major financial needs. With competitive interest rates and flexible repayment
terms, this loan helps KCCA staff members achieve their financial goals and improve
their quality of life.
Features
- Eligible after 4 months of membership with the Cooperative
- Loan amount is up to 3 times the current member’s savings
- Maximum loan amount: UGX 300,000,000
- Loan amounts up to UGX 15,000,000 do not require collateral
- Requires 2 guarantors in good standing (members who have met all financial obligations)
- Loan processing takes 2–5 working days after all requirements are fulfilled
- Monthly repayments are deducted from the member’s salary
- Repayment period is up to 60 months (5 years)
- Interest rate is 14% per annum
- Loan insurance fee: 1% of the approved loan amount
- Loan processing fee: UGX 20,000
Benefits
- Access to substantial funding up to UGX 300M
- No collateral required for loans up to UGX 15M
- Competitive interest rate of 14% per annum
- Convenient salary deduction for repayments
- Quick processing within 2–5 working days
- Flexible repayment period up to 5 years
- Professional loan management and support
- Builds credit history within the cooperative
Requirements
- Must be a KCCA staff member for at least 4 months
- Valid national ID or passport
- Completed main loan application form
- Two guarantors who are cooperative members in good standing
- Salary slip or employment letter
- Bank statements for the last 3 months
- Guarantors’ consent forms and identification