• QUICK CONTACTS
    info@wazalendo.co.ug
    +256 414 630 437
  • BUSINESS HOURS
    M - F: 8am - 4pm
    Sat: 8am - 12pm
  • Basic Considerations when appraising loans

    1. Members’ savings and share capital
    2. Capacity to pay back
    3. Business plan incase of Biashara loans
    4. Building plans and stages of construction incase of Nyumba loan
    5. Integrity of the prospective loan applicant
    6. Membership, Qualification for a loan requires one to have saved with Wazalendo for six (6) months from the date of joining the SACCO and in addition, to have purchased at least ten (10) share
    7. Bank Statement, Bank statement showing the last two months salary deposits is a must. This is to help determine the member’s capacity to repay the loan if granted.
    8. Must have a minimum of 2 guarantors
    9. Must present a passport photo