Empowering agricultural cooperatives
We proudly lead the way in supporting visionary agricultural cooperatives. Our commitment is reflected in the specialized loan offerings we provide to empower agricultural cooperatives on their journey to prosperity.
Piki Micro & SME
Piki Credit’s target market includes the cooperative societies and their members’ businesses. The product is envisaged to improve the transportation of farmer-based passengers and goods. This product specifically finances motorcycles commonly known as bod-boda and tricycles aka Tuk-Tuk which are handy for rural transportation.
Product Features
- Loan interest range of: 1.75% per month.
- Mode of loan Interest calculation: Flat
- Minimum loan amount: UGX 2,000,000
- Maximum loan amount: UGX 7,000,000
- Minimum loan period: 6 months
- Maximum loan period: 18 months
- Minimum initial deposit: UGX 1,500,000
In addition to other forms of collateral, the asset purchased using the loan shall be part of the collateral and will only be transferred to the borrower after the full completion of the loan.
Product Benefits
Competitive interest rate
Flexible repayment period
Asset acquisition
Peace of mind assured with general and life insurance coverage
- Signed loan application
- Updated cooperative savings and shares statement
- Signed loan guarantee form
- Signed loan agreement
- Copy of National ID of borrower and guarantor(s)
- Copy of Cooperative ID of borrower and guarantor (s)
- Copy of Riding permit
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