3-Year Dividend Facility
Divi-LOAN
Borrow 70% of Last Dividend × 3 Years: Repaid via Annual Payouts
Divi-LOAN
Dividend Backed
Interest Rate
12.5% P.A
Repayment Horizon
3 Year (36 Months)
Borrowing Limit
70% of Last Year Dividend x 3
Annual Equivalent
12.5% p.a.
Product Name
Divi-LOAN
Interest Rate
12.5% P.A
Repayment Period
3 Year (36 Months)
Security / Multiplier
70% of Last Year Dividend x 3
Purpose & Description
The purpose of a 'Divi-LOAN' is to allow a member to borrow against their expected dividends and interest before they are officially paid out. This is an 'advance dividend' loan that provides members with quick access to funds for their personal or business needs, secured by their future dividend entitlement, salary and guarantors.
Features & Qualification Criteria
The following are the exact mandatory specifications for Divi-LOAN:
i. Applicant must be a SACCO member.
ii. The amount to be given is determined by 70% of the previous years multiplied by 3.
iii. The loan is for a period of three years.
iv. Loan is repaid in 3 instalment. Each instalment at the time of divided and interest pay out.
Frequently Asked Questions
How is the Divi-LOAN repaid?
Deducted in 3 installments at each annual dividend and interest payout date.
Apply for Divi-LOAN
Please Visit Chuka University SACCO to Apply
To apply for the Divi-LOAN, please visit our Chuka University SACCO Main Office to complete the official loan application form and submit your supporting documents (guarantor forms & payslips) with our credit desk.
Office: Chuka University SACCO Offices, Main Campus
Telephone: +254 772 689 460
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.