By Ken Muthomi - Reporter
Kenya, 2 July 2026 - Stima Sacco has unveiled sweeping amendments to its credit policy aimed at improving access to credit and supporting members' economic growth.
In a statement on Thursday, the sacco said that the changes, which are set to take effect immediately, will include the introduction of new loan products, more flexible repayment options, and an expanded financing framework.
Among the key changes is the introduction of a broader range of loan products, which include mortgage loans, agricultural loans, trade finance loans, asset finance loans, Sharia-compliant loans, self-guaranteed loans, and green loans.
The new products are intended to provide the members with more financial solutions tailored to diverse personal and business needs.
“At Stima Sacco, we continuously review our products and services to better meet the evolving needs of our members. We are pleased to announce several enhancements to our Credit Policy,” the statement read.
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The sacco has also expanded its financing support to other sectors, including agriculture, trade, manufacturing, education, healthcare, housing, investments, and social services.
Furthermore, the revised credit policy has introduced more flexible repayment arrangements, specifically for school- based institutions, which will not be allowed to repay loans on a termly basis, while crop financing loans will have repayment schedules aligned with harvesting seasons.
Grace periods for Commercial construction loans have also been enhanced for up to six months, which will allow customers more time to complete their projects before repayments begin, which will also apply to agribusiness loans.
The Sacco has further introduced a self-guaranteed loan option, whereby eligible members can secure financing using their own savings as collateral, subject to applicable terms and conditions.
Lastly, for members living abroad, the Sacco has launched an improved diaspora lending framework that provides clearer security requirements based on the size of the loan, making it easier for diaspora members to access credit.
“For more information, please visit your nearest branch or contact our customer service team.”