Church Projects Dev’t Loans

 
Whether your ministry is a church, mission-sending organization,or para-church organization, we consider ourselves a part of your project team, dedicated to serving you so we can all reach the same goal.
We lend exclusively to Christian churches and organizations and are committed to strengthening Christian communities and equipping churches for the future.

PURPOSE
- completion of church, buy assets for church eg land, equipment and other church related projects.

TERMS AND CONDITIONS FOR CHURCH PROJECTS DEVELOPMENT LOANS
1. MAXIMUM AMOUNT: SHS 100,000,000(One hundred million shillings)
2. MAXIMUM PERIOD: 36 months
3. INTEREST RATE: 5% reducing balance - Negotiable for clients who are taking bigger loans.
4. TYPE OF COLLATERAL NEEDED:
i. Land sales agreement shs 500,000 – 5millions
ii. Carlog books – shs 500,000 - 20MILLIONS
iii. Land title – shs 1M -100MILLIONS
5. CLIENTELE CATEGORY: Registered Born Again churches
6. GUARANTORS NEEDED: church board members to bring resolution and also guarantee loan
7. SECURITY EVALUATION:
i. Search on both land title and car log book to be done,
ii. Boundaries must be opened and valuation reports (loans of 5million and above).
iii. Asset bought must be attached as security to the loan.
iv. Both Recommendation from LC and a pastoral organization required for the church to borrow.