Product Overview
The Development Loan supports eligible members undertaking productive development projects that improve livelihoods and contribute to community progress. This may include income-generating investments and other development activities. All loans are at 1.8% per month on a reducing balance. Contact our office to confirm eligibility and terms.
Intended Purpose
- Income-generating development projects
- Community development and improvement activities
- Productive investments that grow over time
- Other development activities approved by management
Eligibility Requirements
Eligibility criteria must be confirmed with Mubuga SACCO staff. The information below is indicative only.
- Active SACCO membership in good standing
- A clearly defined productive development purpose
- Ability to provide required security or guarantor
- Other criteria as confirmed by management
Typical Documents Required
Exact documentation requirements must be confirmed with SACCO staff before applying.
- Valid national identification document
- Proof of SACCO membership
- Completed loan application form
- Description or plan of the development activity
- Security or guarantor documentation
Interest Rate & Repayment Terms
All loans: 1.8% per month on reducing balance.
Contact the office directly to confirm your specific repayment schedule, loan limit and any applicable fees before applying.
Frequently Asked Questions
What qualifies as a development activity?
Contact our office to discuss your specific project. Staff will advise on whether it qualifies under this product.
What is the interest rate?
All MUSACCO loans are at 1.8% per month on a reducing balance. Contact us to get your specific repayment schedule.