Saving account: Members can open an account where they can make deposits and accrue savings, which shall be available to them at their convenience
Junior account: This account is available to member’s children below the age of 18 years. The minimum balance is KES 500 and the minimum interest earning balance is KES 2,000. The interest earned is 4% p.a.
Business Account: Available to members who are in business. Account-holders are eligible to access a loan
Emergency Loan: This is a short-term loan payable in a period less than six month. Eligibility for this loan is a member will qualify half of his/her shares. It doesn’t require guarantors
Personal Loan: This is a long-term loan payable in a period less than 2 Years. Eligibility for this loan is a member will qualify three times of his/her shares, the members account should be operational for at least 6 months. It will require guarantors who are members
Business Loan: This is a loan for people dealing with business emergencies, adding to their business working capital among others. Loan term up to 3 years. Flexible repayment frequency e.g. Monthly/Weekly/Daily, Proof of Business, physical location, and the Business account should have run at least three with us
Project Loan: This is a Loan to individuals, companies/businesses or groups pursuing land purchase, construction or other labour-intensive ventures. NgaoTrust will take full charge of the project from beginning till completion as member makes loan repayment. Legal agreement will be involved between the member and NgaoTrust since the loan will for a long period. Loan term will be up to 10years depending on the project being undertaken
Asset Loan: This is loan that will help a member acquire an asset like, motor vehicle, motor cycle, or any machinery equipment for commercial use or personal use. Loan term of up to 4 years based on the asset being purchased. NgaoTrust will hold unto the logbook of the vehicle till the loan is full paid
This is a benefit that will be given to members who have shares with NgaoTrust Investment Group. Dividends will be earned when NgaoTrust will start investing member’s deposits. Dividends are usually earned once a year.