Free Money Tool
Chama Business Loan Readiness Calculator
Thinking of asking your chama, SACCO or table banking group for a business loan? Find out if you are ready, how much you can safely borrow, and what to fix first.
Your loan and your money
Use your normal month. Put 0 where something does not apply. All amounts are in Kenya shillings.
The loan you want
Many SACCOs charge about 1 a month on the reducing balance. Table banking groups often charge more, so ask your group and put their rate.
Your own money going into the business with the loan.
What comes in and goes out each month
What is left after stock, rent, fare and other business costs.
Salary, rent from a plot, support from family.
Rent, food, school fees, fare, electricity, water, airtime.
SACCO, bank, Fuliza, app loans, chama loans.
Your standing in the group
Many SACCOs lend up to 3 times your savings. Ask your group what its rule is.
Your business
Your result
How your score is made up
Chamas and SACCOs look at the same few things. The lowest scores show what to fix first.
| What the group looks at | Your score |
|---|---|
| Can you afford the repayments | |
| Savings or shares behind the loan | |
| Your contribution record | |
| Time in business | |
| Business records | |
| Your own cash in the business | |
| Guarantors | |
| Total |
What next?
Know your business numbers first: Side Hustle Profit calculator. Build your savings: Chama Contribution calculator.
This score is a simple guide to help you prepare. It is not financial advice and it is not how any particular chama, SACCO or bank decides. Every group has its own rules, so ask yours what it needs. Do not borrow more than you can repay from money you are sure of.