Stima Investment Co-operative Society will guarantee members’ loans at Rafiki Microfinance Bank to invest in homes.
The partnership ensures members and non-members of Stima Investment who wish to buy houses and plots sold by the co-operative have easy access to cash.
“Our partnership with Stima Investment Co-operative Society provides an opportunity for its members and non-members to access credit facilities that will promote home acquisition as well as construction,” read a statement from Rafiki Microfinance Bank.
Rafiki is setting aside Sh300 million for the partnership. Stima Investment has a membership of over 30,000 members.