Imarika Sacco recognizes the potential and aspirations of young people in Kenya and is committed to supporting them in their journey toward personal and professional success. To cater to their unique needs, Imarika Sacco has meticulously designed two specialized loan products: the Imarika Vijana Loan and the Jenga Vijana Loan.
Imarika Vijana Loan:
The Imarika Vijana Loan is tailored to address the financial needs of young individuals aged between 18 to 35 years old who are seeking to establish or expand their businesses, pursue higher education, or invest in personal development initiatives. This loan product is designed to offer flexible and accessible financing options to empower youths in realizing their ambitions and contributing to the economic growth of their communities.
Key Features:
- Competitive Interest Rates: Imarika Sacco offers competitive interest rates on the Imarika Vijana Loan to ensure affordability for young borrowers.
- Flexible Repayment Terms: The repayment terms are designed to be flexible, allowing youths to structure their repayments according to their cash flow and business cycles.
- Quick Approval Process: Imarika Sacco understands the urgency of youth initiatives and endeavors to expedite the loan approval process, enabling young borrowers to access funds promptly.
- Customized Loan Amounts: Borrowers can access varying loan amounts based on their specific needs and repayment capacity, with Imarika Sacco providing personalized assistance in determining the most suitable financing solution.
- Customized Loan Amounts: Borrowers can access varying loan amounts based on their specific needs and repayment capacity, with Imarika Sacco providing personalized assistance in determining the most suitable financing solution.
- Financial Literacy Support: Imarika Sacco is committed to empowering youths with financial literacy skills to ensure responsible borrowing and effective management of funds. Through workshops, seminars, and educational materials, borrowers receive guidance on budgeting, saving, and investment strategies.
Imarika Jenga Vijana Loan
The Jenga Vijana Loan, is a tailored financial product aimed at empowering young individuals to pursue their entrepreneurial aspirations and contribute to the socioeconomic development of their communities.
Key Features:
Youth-Centric Approach: The loan is specifically designed to cater to the needs and aspirations of young individuals, recognizing their potential as drivers of innovation and economic growth.
Support for Entrepreneurship: The Jenga Vijana Loan provides crucial financial support to youth-led initiatives and startups, enabling them to establish and grow their businesses.
Innovation Promotion: Imarika Sacco encourages innovative projects by offering this loan product, fostering creativity and out-of-the-box thinking among young entrepreneurs.
Flexible Loan Terms: The loan terms are structured to accommodate the unique circumstances of young entrepreneurs, with flexible repayment schedules and competitive interest rates.
Capacity Building: Imarika Sacco may also offer training and capacity-building programs to help youth borrowers develop essential business skills, financial literacy, and management capabilities.
Socio-Economic Impact: By supporting youth-led initiatives, the Jenga Vijana Loan contributes to job creation, poverty reduction, and overall socio-economic development within communities.
Collateral Options: Imarika Sacco may offer alternative collateral options or reduced collateral requirements to make the loan accessible to young entrepreneurs who may have limited assets.