wazua Wed, Mar 18, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages123>
KUSCO Housing Fund
Options
Previous Topic · Next Topic
nafuu
#1 Posted : Sunday, October 28, 2012 10:38:09 AM
Rank: Hello

Joined: 5/28/2012
Posts: 5
Has anyone taken this Kusco Loans recently, i understand they offer the loan at 14 per cent per annum, is their interest on a reducing balance basis.
Thanks
Back to top
  | | Edit by moderator: Sunday, July 06, 2014 7:29 PM | Reason: title case
mycool
#2 Posted : Sunday, October 28, 2012 11:52:02 PM
Rank: Member

Joined: 4/30/2007
Posts: 92
I'd also wish to know anyone's experience with them.
Back to top
  |
Gathige
#3 Posted : Monday, October 29, 2012 8:30:47 AM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
I tried to apply after about two years of savings but flopped due to valuation assessment. My site location was considered too risky and planning to try again future on a different site location.

Anyone who has been successful can share insights
"Things that matter most must never be at the mercy of things that matter least." Goethe
Back to top
  |
majimaji
#4 Posted : Monday, October 29, 2012 9:02:11 AM
Rank: Veteran

Joined: 4/4/2007
Posts: 1,162

@Gathige, how can a site location be risky? Elaborate please.
Back to top
  |
Gathige
#5 Posted : Monday, October 29, 2012 2:41:17 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
@ majimaji,

According to the valuer who did the assessment, the location of the land that i wanted to develop was remote and could not be easily sold in case i defaulted.

Anyone with experience with them can sheet more light and enlighten us
"Things that matter most must never be at the mercy of things that matter least." Goethe
Back to top
  |
digitek1
#6 Posted : Monday, October 29, 2012 3:17:44 PM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
KUSCCO Home Loan
The KUSCCO Home Loan is targeted at individuals who wish to buy or construct their dream homes. To qualify, the SACCO members need to:
Pay a registration fee of Ksh 1,500
Save a minimum of Ksh 2,000 monthly
Qualifying for the KUSCCO Home Loan
All SACCO members can qualify for the KUSCCO Home Loan. Interested applicants will be required to get letters of introduction from their respective SACCOs. The general terms and benefits of the KUSSCO Home Loan are as below:
Applicants must have continuously saved for at least 6 months with the KUSCCO Housing Fund;
The fund will advance loans up to 5 times the amount of applicants’ savings at the time of application;
The fund will advance up to Ksh 7million and a minimum of Ksh 450,000;
Loans are repayable for up to a period of 15 years;
Security and terms for the loans
The housing fund loan will be secured by a number of collateral, including:
Members’ savings with the KUSCCO Housing Fund;
Title deeds of land being developed or houses being bought;
KUSCCO will have the first legal charge of the property during the period of loan repayment;
KUSCCO House Master Loan
I may be wrong..but then I could be right
Back to top
  |
Coolbull
#7 Posted : Wednesday, May 14, 2014 11:26:18 AM
Rank: Member

Joined: 10/23/2007
Posts: 604
@Gathige - did you succeed?

I intend to join Kuscco soon....
Back to top
  |
Gathige
#8 Posted : Monday, May 19, 2014 4:46:18 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242


@Coolbull, i pulled out and got my savings and moved on.
"Things that matter most must never be at the mercy of things that matter least." Goethe
Back to top
  |
webish
#9 Posted : Saturday, June 07, 2014 2:39:44 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
Coolbull wrote:
@Gathige - did you succeed?

I intend to join Kuscco soon....


I would encourage you to. I have been member for two years now. And i have close relatives who have picked up loans with them. Positive feedback from them(so far)..

Life is joy, death is peace, but the transition is very difficult.
Back to top
WWW
  |
carygoh
#10 Posted : Saturday, June 07, 2014 10:22:18 PM
Rank: Elder

Joined: 5/4/2008
Posts: 1,703
Back to top
  |
3 Pages123>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Groups Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.