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Chama Revolving Facility

Product terms, pricing, eligibility, disbursement, repayment, documentation, and immutable version audit.

GRP-CHAMA-REV / v1.0-rc

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Product header

draft

Code

GRP-CHAMA-REV

Class

group

Status

draft

Version

v1.0-rc

Name: Chama Revolving Facility
Owner: Group lending products
Approval route: Credit committee approval queue
Term sheet: CBK/TS/GRP-CHAMA-REV/2026-06-DRAFT

Pricing config

flat

Nominal rate

16.00%

APR

17.84%

EIR

36.91%

TCC

Ksh 62,450

17.84%

Rate bands by risk tier

Risk tier	Score range	Nominal rate %	CBK cap check
A	Excellent meeting and savings history	13.00%	within
B	Stable contributions	16.00%	within
C	One missed-cycle exception	20.00%	watch
D	New group or weak attendance	24.00%	hold

APR/TCC disclosure

Representative amount: Ksh 350,000
Representative tenor: 12 months
Total fees: Ksh 5,350
Total repayable: Ksh 412,450
Flat-to-EIR conversion: 36.91%

Fee schedule

Fee	Basis	Value	Timing	Disclosure
Group facility fee	percent	1.50%	origination	Approved in group minutes and borrower key facts statement.
Monthly group ledger fee	fixed	Ksh 100	monthly	Charged while the facility is active.

Eligibility rules

Min/max age: 18 - 75
Employment-status: Registered chama or SACCO membership
CRB-score-minimum: 580
Daftari-depth-minimum: Group savings ledger for at least six cycles
Chama-standing: At least 80% attendance and no unresolved disputes
Geographic-restrictions: Branches with group verification officers

Disbursement config

Channel: Branch maker-checker
M-Pesa B2C vs bank transfer: bank transfer
Same-day vs next-day: next-day
Settlement-bank: Co-operative Bank - Situ group lending 022

Repayment config

Method: flat
Day-count convention: 30/360
Grace-period: 7 days
Early-settlement-fee %: 0.50%

Documentation checklist

5 required docs

National IDKRA PINGroup registration certificateSigned chama minutesContribution ledger

Version history

immutable audit log

Version	Effective date	Change notes	Approved by
v1.0-rc	2026-06-28	Committee review candidate with flat-to-EIR disclosure and group guarantee controls.	Pending
v0.8	2026-05-19	Added group standing and dispute gate.	Product design council