Financing · Asset purchase
Asset Purchase Finance
Tunanunua bidhaa unayohitaji, kisha tunakuuzia kwa bei ya gharama pamoja na faida iliyowekwa wazi. Bei haiongezeki.
How asset purchase finance works
You tell us what asset you need. The SACCO buys and owns it, then sells it to you at a disclosed cost-plus price, paid in instalments.
You always see three numbers before you agree: what the asset cost the SACCO, the SACCO's profit, and the total you will pay.
What you can finance
- Livestock — breeding stock, dairy animals, or animals for fattening
- Butchery equipment — meat saws, mincers, scales, display counters
- Cold rooms, freezers and display chillers
- Motorbikes for deliveries
- Vehicles, including refrigerated vans and pick-ups
- Solar equipment for shops, cold storage and homes
- Other eligible business assets, such as shop fittings and tools
Financing is subject to SACCO policy and applicable law. We cannot give cash instead of an asset.
How it works
Step 1: Choose your asset and supplier
Get a quotation from a supplier, addressed to MeatSoko SACCO.Step 2: Apply
Submit your application with the quotation and documents. Name your guarantors.Step 3: We assess and approve
We check that the instalments fit your income. The credit committee decides.Step 4: The SACCO buys and owns the asset
We pay the supplier directly. The asset belongs to the SACCO, at the SACCO's risk, until it is sold to you.Step 5: We sell it to you
You receive a Key Facts Statement showing cost, SACCO profit, fees, total price and schedule. You accept the sale.Step 6: You pay in instalments
Pay weekly, monthly or seasonally for up to 24 months, using verified SACCO payment instructions.
How the price is worked out — an illustration
This example uses made-up numbers to show the method. Your actual price uses the SACCO's margin of 15% of asset cost and is shown on your Key Facts Statement before you sign.
| Item | Example (KES) |
|---|---|
| Asset cost paid to the supplier | 100,000 |
| SACCO profit (disclosed and agreed upfront) | 15,000 |
| Sale price to you | 115,000 |
| Less your contribution paid upfront | – 10,000 |
| Amount you pay in instalments | 105,000 |
| Example: 12 monthly instalments | 8,750 per month |
| Administration fee (separate, disclosed) | KES 1,000 |
Illustration only. Not an offer. The SACCO profit amount is fixed once you accept the sale and never increases.
Eligibility
- Member for at least 3 months.
- Share capital fully paid or on track, and savings contributions up to date.
- No other SACCO financing in arrears.
- Able to show how you will pay — for example business sales, livestock sales or salary.
- Guarantors who are members in good standing.
- An eligible asset from a supplier who can issue a proper invoice.
Required documents
- National ID, Maisha Card or passport, and KRA PIN
- Supplier quotation addressed to MeatSoko SACCO (not older than 30 days)
- Six months of M-Pesa or bank statements
- Business permit, if the asset is for a business
- Guarantor forms
- For vehicles: inspection and valuation report, and an insurance quotation
If you pay late
Your price never increases. If you are struggling, tell us early — we will agree a plan, which may move your payment dates without adding to what you owe.
If you remain in arrears, the SACCO may recover amounts from savings held as security, from guarantors, or from the financed asset, as the contract sets out.
Risks and disclosures
Before you choose Asset Purchase Finance
- You must pay the full agreed price even if the asset breaks or your business slows. Warranty claims go to the supplier.
- If you do not pay, the SACCO may recover from your pledged savings, your guarantors or the asset, as the contract sets out.
- Guarantors may be asked to pay if you default.
- Paying early does not reduce the price automatically. The SACCO may offer a discount at its discretion, under a published policy.
- If the supplier is part of MeatSoko Group, we tell you, and the price must match the market. You are never required to buy from MeatSoko Group.
In Kiswahili
Kwa Kiswahili
Ufadhili wa Ununuzi wa Vifaa
SACCO haikukopeshi pesa taslimu. Tunanunua bidhaa unayohitaji — mifugo, friji, pikipiki, gari au vifaa vya bucha — tunaimiliki, kisha tunakuuzia kwa bei ya gharama pamoja na faida iliyowekwa wazi.
Bei inakubaliwa kabla hujatia sahihi na haiongezeki hata ukichelewa kulipa. Unalipa kwa awamu kupitia M-Pesa.