MOSEWO
What We Do
What We Offer
Our Approach
Short-Term Advances
Target – Established groups who are members of MOSEWO and require short term to meet immediate obligations Features:
- Repayment period is monthly
- Attract an interest rate of 10%
- Members in a group qualify for two times his or her saving
- Appreciation fee of Ksh. 10 is charged
Long-Term Loans
Target – Established groups who are members of MOSEWO who require long term credit to
meet their long-term obligations features:
- Applicants are the groups who later lend to
its members. - Repayment period is between 3 months and one year
- Attract an interest rate of 10% P.A.
- Group qualifies three times(3X) the group saving for at least 6 months
- Upon qualification 2% processing fee is charged
- Security of the loan must be guaranteed by the members
Water Tank Loans
Target – Established groups who are members of MOSEWO
Features
- Applicant must be group member vetted in a group that he/she is capable
- The applicant must pay a deposit of 20% the tank cost
- Repayment period is 6 month- 12 months
- Tank capacity is between 1,000 litres to 5,000 litres
- Interest rate is 10% P.A
- Security of the tank loan must be guaranteed by group officials, guardian or spouse