The ASSET FINANCE loan product is tailored for members seeking to acquire assets for personal or business use. Here’s a detailed overview of its features:

1. Asset Acquisition: Members interested in purchasing assets such as vehicles, equipment, machinery, or property can access the ASSET FINANCE loan to facilitate their acquisition.
2. Loan Multiplier: The loan amount is determined by multiplying the member’s savings by a factor of three. This allows members to leverage their savings to secure a loan for acquiring the desired asset.
3. Asset Security: The loan is secured by the asset being acquired, providing collateral to mitigate risk for both the SACCO and the member. This ensures that the loan is adequately secured, enabling members to access financing at competitive rates.
4. Flexible Repayment Terms: Members are offered flexible repayment terms tailored to their financial circumstances and the nature of the asset being financed. This allows borrowers to repay the loan over a period that aligns with their cash flow and budgetary considerations.
5. Range of Assets: The ASSET FINANCE loan can be used to finance a wide range of assets, including vehicles, equipment, machinery, property, and other tangible assets essential for personal or business use.