Jiinue loans is a quick loan type available to all Kenyans. “Jiinue” is a Swahili word meaning uplifting oneself. In this post we are going to dig deeper on Jiinue Loans in Kenya legitimacy, lenders giving this type of loan, loan limits, interest rates and how To apply.
What is Jiinue Loans Kenya
This is is a type of loan available from a number of lenders in Kenya especially Saccos and Credit only Microfinances.
Is Jiinue Loans legit
Jiinue loans are Legit loans available in Kenya. The loans are genuine because they are most available in Saccos which are licensed and regulated in Kenya.
Lenders Giving Jiinue Loans in Kenya include:
This is a Table Summary of Jiinue Loans in Kenya:
| Lender | Loan Limits | Interest Rates | Repayme-nt Period |
| NewFortis Sacco Jiinue Loans | – | 0.7% per month | 66 months Maximum |
| Tabasamu Sacco Jiinue Loans | Minimum Kes 500,000 | 2% processing fee and 1.5% Insurance fee | |
| Kijabe Sacco Jiinue Loans | Kes 50,000 to 500,000 | 1.5% per month | Max 24 months |
| Jitegemee Sacco Jiinue Loans | Kes 10,000 up to kes 1 Million | – | Max 12 months |
| Baraka Sacco Jiinue Loans | Max Kes 500,000 | 10% p.a | Max 24 months |
| Kinga Sacco Jiinue Loans | Not exceeding 3.5 times the Members’ deposits | 1% per month | 12months Maximum period |
| Ufanisi Sacco Jiinue Loans | – | 1.33% per month | 30 months Maximum |
NewFortis Sacco Jiinue Loans
This is a loan available at NewFortis Sacco formerly known as Nyeri Teacher’s Sacco. The loan is available to all members of the Sacco depending on the ability to repay the loan. The loan is charged at a low interest rate of 0.7% per month with longer repayment period up to 66 months. For customer support; +254 709924000
Tabasamu Sacco Jiinue Loans
Tabasamu Sacco offer Jiinue loan as a check off loan to it’s members. The loan is approved instantly appon application. Minimum loan amount is kes 500,000, 2% processing fee,1.5% insurance fee and 10% top up charges , Repayment period 72 months Maximum.For customer support:+254 702599292
Ufanisi Sacco Jiinue Loans
Ufanisi Sacco offer Jiinue Loans to it’s members at low interest rates of as low as 1.33% per month with longer repayment period up to 30 months Maximum period. For customer support+254 713 690660
Kinga Sacco Jiinue Loans
Kinga Sacco offer Jiinue Loans to it’s members at low interest rates of 1% per month, 12 months repayment period,loan amount not more than 3.5 times the Members’ deposits.
Baraka Yetu Sacco Jiinue Loans
Through Baraka Yetu Sacco, members can access loans up to kes 500,000 at low interest rates of 10% p.a , maximum repayment period is 24 months.
Jitegemee Sacco Jiinue Loans
Jiinue loans from Jitegemee Sacco is given to members from kes 10,000 up to kes 1 Million with longer repayment period up to 12 Months. For customer support+254728700800
Kijabe Sacco Jiinue Loans
Kijabe Sacco offer Jiinue Loans in Kenya to it’s members from kes 50,000 up to kes 500,000 at low interest rate of 1% per month with longer repayment schedule up to 24 months.For customer support+254759938365
Pros and Cons of Jiinue Loans Kenya
Jiinue Loans are popular loans in Kenya available mostly via Saccos in Kenya but like anything else they also have advantages and their down sides as follows. Here are their main pros and cons:
Pros of Jiinue Loans in Kenya:
- Lower Interest Rates:
Saccos often offer lower interest rates compared to banks and microfinance institutions. - Flexible Loan Terms:
Repayment periods are often negotiable, with some Saccos offering grace periods. - Easy Qualification:
Loan approval is often easier for members since the Sacco already holds their savings and knows their financial behavior. - Profit-Sharing:
Members benefit from dividends on their shares and can influence decision-making in the cooperative. - Encourages Saving:
Borrowers must save consistently to qualify for loans, promoting a savings culture. - Loan Security via Shares:
Loans are often secured against member deposits or through guarantors, not physical collateral.
Cons of Jiinue Loans in Kenya:
- Membership Required:
You must be a member and have saved with the Sacco before accessing loans, which can delay urgent borrowing. - Guarantor Requirement:
Many Saccos require fellow members to guarantee your loan, which can be inconvenient or risky. - Limited Loan Amounts:
The amount you can borrow is usually tied to your savings (e.g., 3x your savings), which may not meet larger financial needs. - Slow Processing:
Compared to digital lenders or some banks, Sacco loan approvals and disbursements can be slower. - Potential Mismanagement:
Some Saccos have suffered from poor governance, leading to financial losses or collapse. - Penalties for Defaults:
Defaulting can affect your savings, and guarantors can be forced to repay on your behalf.
Conclusion
Jiinue loans are a very crucial loan product for Kenyans who are determined to uplifting their living standards. I can advise Kenyans to join Saccos and take advantage of this loan!