NACHU provides several different loans tailored to the needs of our members.
Loans We Offer:
- Pamoja- Group Project Loan: This loan provides groups with the finances to purchase or build a joint society building. As NACHU’s largest loan, groups are able to build a house or building that can be used to generate income through rent, retail space etc.
- Hatua- New Housing Loans: The Hatua loan is for new house construction or house extension. An affordable way to do this is through Incremental Housing.
- Huduma- Infrastructure Loan: Huduma loans allow members to improve the physical infrastructure of their homes through installing electricity, water and sanitation facilities, sewerage systems, fencing, and roads.
- Boresha- House Rehabilitation Loan: A loan for renovating a house built on land owned by a cooperative group or its members.
- Ploti- Resettlement Loan: The Ploti loan allows members to buy land for residential or commercial purposes. Members can put up basic structures for immediate occupation, allowing time to generate further savings and build a more permanent house in the future.
- Biashara- Business Loan: Members can access these loans to expand an ongoing business.
- Elimu- Education Loan: Members can use this loan to finance their children’s education. The Elimu loan is part of the poverty reduction strategy for Housing Cooperative Members as it has notably increased literacy levels among urban poor.
Registered Housing Cooperatives who:
- have been affiliated and saving with NACHU for a minimum of 3 months
- have AGM resolutions authorizing the society to borrow from NACHU
- have evidence of financial affordability and can provide adequate security
Individual members who:
- are over the age of 18 years
- have established a consistent savings track record
- are an active member of a registered cooperative
- have participated in all NACHU education and loan training sessions
- have evidence of financial affordability and adequate security
