The BunistaMobi Loan is a short-term mobile loan facility available to eligible Bunista SACCO members under the following terms and conditions:

1.Eligibility

• Available to fully registered members who have saved consistently for a minimum period of three (3) months with a fully paid share capital of Kshs. 24,000.00 and minimum deposits of Kshs. 10,000.00
• Members must register for the BunistaMobi loan service before accessing the facility.

2.Application & Repayment

• Loan applications are made via USSD code or the Mobile App.
• Repayment is conducted through the USSD platform or Mobile App.

3.Loan Amount

• First-time borrowers qualify for a maximum loan of Kshs. 5,000.00.
• Upon successful repayment, members are graduated up to a maximum loan limit of Kshs. 10,000.00, based on repayment history.

4.Loan Period & Interest

• The loan has a 30-day repayment period.
• Interest is charged at 10%

5.Security

• The loan is unsecured and does not require guarantors.

6.Repeat Loans

• Members who fully repay their loan may reapply immediately.