Boost Loan
Power Your Business Growth
Give your business the financial boost it needs. The Skyline SACCO Boost Loan provides working-capital financing to help traders, entrepreneurs, SMEs and MSMEs strengthen and grow their businesses.
Whether you need to purchase stock, expand your operations or meet other working-capital needs, the Boost Loan offers flexible financing aligned with your business cash flow.
Product Features
- Access financing of up to four times your deposits
- Repayment period of up to 60 months
- Competitive interest charged on a reducing balance
- Repayment structured in line with your business cash flow
- Suitable for stock purchases, business expansion and other working-capital needs
- Financing is subject to active membership, repayment capacity, credit history, deposits and acceptable security or guarantors
Eligibility Requirements
To qualify, you must:
- Own or operate an existing business enterprise
- Maintain an active Skyline SACCO account and use the SACCO’s Paybill collection account
- Have maintained active membership and regular deposit contributions for at least four months
- Maintain the required minimum share capital of KSh 5,000
- Demonstrate the ability to repay the loan
- Have a satisfactory credit history
- Have no default on any existing loan facility
Ready to Move Your Business Forward?
Access the working capital you need to stock, expand and grow your business.
Apply today or visit your nearest Skyline SACCO branch for assistance.