Karibu
M-CASH LOAN & MOBILE BANKING SERVICES
AMREF SACCO Mobile Loan is available to AMREF SACCO members. To qualify, you need to have at least 3 months of active membership.
Loan Features :
- Maximum Loan Amount: KSh 100,000
- Credit Limit: Gradually increased based on your repayment history.
- Interest Rate: A flat rate of 8.5% is deducted upfront from the loan amount.
- Repayment Terms: The loan is payable in 3 monthly installments.
- No Paperwork: The loan application process is entirely paperless.
- No Guarantors: Enjoy a hassle-free borrowing experience.
- Loan Top-Up Option: Members can top up their outstanding mobile loan. The top-up amount must exceed your existing mobile loan balance. Top-up loans are also charged at 8.5%, payable in 3 monthly installments.
TO REGISTER
Download the mobile banking application form
Submit the duly filled and signed form to info@amrefsacco.org.
You will receive an SMS from AMREF_SACCO with details on self-activation
TO APPLY
HOW TO BORROW VIA USSD
1. Dial: *816#
2. Select: Option 7 – Loans
3. Check Loan Limit:
– Choose Option 1: Check Loan Limit
– Once you know your loan limit, proceed to apply for the loan.
4. Apply for a Loan:
5. Choose Option 7 – Loans
6. Choose Option 2: Apply for a Loan
7. Select Option 1: Karibu M-Kash Loan
8. Enter an amount within your limit
9. Confirm the transaction
10. Notification: You will receive an SMS confirming your loan application status.
HOW TO BORROW VIA THE AMREF SACCO APP
1. Log In: Open your AMREF SACCO app
2. Select: Loans
3. Choose: Apply Loan
4. Select: Karibu M-Cash Loan
5. Enter Amount: Specify the loan amount
6. Click: Apply Loan
