Stima Sacco has rolled out sweeping changes to its credit policy, introducing new loan products and more flexible financing terms aimed at expanding access to credit for its members.
In a notice issued to members on July 2, 2026 the deposit-taking Sacco said the amendments are intended to provide greater flexibility, broaden financing opportunities and support member growth across various sectors of the economy.
Among the changes is the introduction of new financing products, including mortgage loans, agricultural loans, trade finance loans, asset finance loans, Sharia-compliant loans, self-guaranteed loans and green loans.
The Sacco also announced expanded financing opportunities targeting key sectors such as agriculture, manufacturing, trade, education, healthcare, housing, investments and social services.
Schools will now be allowed to repay loans on a termly basis, while crop financing repayment schedules will be aligned with harvesting seasons to ease the burden on farmers.
Commercial construction loans will now attract grace periods of up to six months to give developers additional time to complete projects before repayment begins. Agribusiness borrowers will also benefit from more flexible grace periods tied to production cycles.
In addition, eligible members will be able to access self-guaranteed loans by using their savings as security, subject to the Sacco’s lending terms and conditions.
The reforms also introduce a structured lending framework for members in the diaspora, providing clearer security requirements based on the size of the loan.
“We are pleased to announce several enhancements to our Credit Policy aimed at providing greater flexibility, expanding access to financing, and supporting member growth,” the Sacco said in the notice.
The new credit policy took effect immediately, with members advised to seek further guidance from the Sacco’s branches or customer service teams on the revised lending products and requirements.
Author: Andrew Walyaula
Andrew Walyaula is a seasoned multimedia journalist. Email: waliaulaandrew0@gmail.com
