- Stima Sacco has revised its credit policy to introduce a wider range of financing options tailored to members’ cash‑flow cycles.
- New repayment structures now align with key sectors: school loans can be repaid termly, crop loans match harvesting seasons, and construction loans include a six‑month grace period to ease repayment pressure.
Stima Sacco has announced significant amendments to its credit policy, aimed at increasing financial accessibility and supporting member growth across key economic sectors.
In a notice dated July 2, Chief Executive Officer Dr. Gamaliel Hassan confirmed the rollout of a broader, more flexible loan portfolio designed to align with the specific cash-flow cycles of its members.
“At Stima Sacco, we continuously review our products and services to better meet the evolving needs of our members. We are pleased to announce several enhancements to our Credit Policy aimed at providing greater flexibility, expanding access to financing, and supporting member growth,” reads part of the notice.
Among the key highlights announced was the introduction of an expanded range of loan products, including mortgage financing, agricultural loans, Sharia-compliant financing, self-guaranteed loans, and several other tailored credit facilities.
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“Members can now access a wider range of financing solutions, including Mortgage Loans, Agricultural Loans, Trade Finance Loans, Asset Finance Loans, Sharia-Compliant Loans, Self-Guaranteed Loans, and Green loans,” reads the notice.
Stima Sacco also unveiled expanded financing opportunities across key sectors, including agriculture, trade, education, healthcare, housing, investment and social services. The Sacco further announced that school-based institutions will now benefit from termly loan repayment plans, while crop financing repayments can be structured to coincide with harvesting seasons.
“Commercial construction loans now offer a grace period of up to six months to support project completion and ease repayment pressure during the construction phase. Agribusiness loans also benefit from more flexible grace periods aligned to production cycles,” said Dr. Gamaliel.
Eligible Sacco members can now access loans secured by their savings, subject to the applicable terms and conditions. The Sacco has also introduced a structured financing framework for members in the diaspora, outlining clear security requirements based on the size of the loan.
By Frank Mugwe
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