Welcome to Visionary Empowerment Programme (VEP)

23rd June 2018

Stadview apartments, 1st floor

Next to December hotel Thika Town

+254 700 335 184

DEVELOPMENT LOAN

This is an all-purpose loan facility advanced to all Members planning to make improvements on or fund an investment.

Features

* Have maintained an active account with VEP-SACCO.

* Loan term is up to 3 years.

* Provide security. Security options include:

* Guarantors

* Listed stocks at the NSE.

* Paid up insurance policies.

* Certified fixed deposits

* Movable assets acceptable as security by the Sacco.

For more details contact or visit any of the VEP-SACCO branches.

Requirements

  • You need to be a Sacco member. Apply for membership here
  • A duly completed loans application form.

Project Loan

Are you a group or an individual involved in a project? This facility is designed to help groups or individuals meet their project objectives.

Features

* The use of the funds to meet the minimum criteria as per the policy definition of what constitutes a project.

* Loan term is up to five years depending on the nature of the project.

* It must be secured

Benefits

* As our member, you will be able to realize your projects without strain.

Requirements

* You need to be a Sacco member.

* A duly completed loans application form.

Business Loan

Designed to help expand and boost your business, the VEP-SACCO Business Loan makes your business plans a reality.

Features

* Loan term of up to 3 years.

* Loan amount.

* In accordance with repayment ability

* In accordance with Sacco lending policy

* It must be secured

* Loan security fund (LSF) of 25% (10% exemptions may be given to loans with chargeable security)

Requirements

* You need to be a Sacco member.

* A duly completed loans application form.

* 1-6 months active account operation and/or statement from previous bank.

* Business assessment report by a credit officer.

Emergency Loan

* This loan is given to assist in medical legal and other Emergencies

* The loan is processed within a day

* Maximum repayment period is 12 months

* The loan must be fully guaranteed by non-withdrawable deposits

School Fees Loan

This loan is given to assist in school fees emergencies

The application process is short and simple.

Loans are disbursed promptly

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