In need of cash urgently? Would you like to get an Instant Loan from Utabibu Sacco?
Utabibu would like to develop a Mobile Loan application where members can access the loan products using their Safaricom line via USSD or Mobile Application.
To provide you with a good experience, we would like your feedback on the features you would like the Mobile Loans Service App to have.
Mobile Loan App features
- Loan not pegged on deposit multiplier.
- If one pays off the loan they can re-apply immediately.
- The loan has no guarantors
- If one defaults. The amount is deducted from their deposits, they are blocked from accessing the product until they replenish back the amount into their deposits.
- The loan has no human intervention. One applies using their phone and money is disbursed to their phone through Mpesa.
- Repayment is also done through Mpesa.
- SACCO will work on sending reminders, Days before the due date and due date.
- A member in good standing paying well their deposits and loans
- Active member, not dormant or exited.
- Currently available to Safaricom /Mpesa lines only
We greatly appreciate your feedback as you fill in this survey which should only take about five minutes of your time to complete.