| Our Organization | Our Clients | Our Products | gallarey | Get Involved |
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Our products and lending modelOnce registered with Riverbank Savings & Credit Ltd., our clients can apply for a number of different loans and save their earnings at favorable conditions; we furthermore provide insurance services. As the businesses of our customers grow and face new challenges, we constantly re-evaluate and improve our product portfolio in order to support their growth in the most efficient way. Most of our members start by taking out an instant loan of 2000 KSh, available after seven days of saving (to a minimum of 30% of the loan). A guarantor member provides additional security for new members. After disbursal of the loan, a member typically pays 3% daily interest and repays the principal over a period of 14 days. As savings grow, the member becomes eligible for other loan products and better loan conditions (flexible withdrawal). He or she might also choose to fix savings in our accounts and receive interest on them. For an overview of our loan products, please click here. |
