IPF is a product designed with every Sacco member in mind. It enables members to acquire various insurance policies through our subsidiary insurance agency (A Call Away Insurance Agency) against their savings.
Features
- Have maintained an active account with Moto Hope Sacco.
- Minimum 6 months consistent saving.
- Insurance is processed through our subsidiary insurance agency – A Call Away insurance agency. (https://www.acainsuranceagency.co.ke/)
- Minimum savings of Ksh. 5,000.
- Interest rate – 1.5% per month fixed (for general insurance) and 1.25% per month fixed (for medical insurance)
- Loan amount ranges between Ksh. 10,000 to Ksh. 150,000.
- Repayment period: A maximum of 6months.
Requirements
- You need to be a Sacco member.
- A duly completed loan application form.
- Identity card/passport (both original & copy).
- KRA pin.
- 2 recent colored passport size photos.
- 100 for CRB report.
Note: There are charges for processing fee and insurance on each loan product.
