SCOPE OF SERVICE
Bogach finance offers loans, EMONEY SERVICES ( MPESA, TIGO PESA and Airtel Money)
The services of the company are open to entrepreneurs, VIKOBA, employees of private companies, schools and parastatal organisations, employees of government . Also, though its agent, BDF INSURANCE it offers credit life assurance to SACCOS and MFIs and non life insurance products to other individuals.
APPROACHES TO PROVISION OF SERVICE
For loans granted to individuals, the company will enter into a separate agreement with the borrower
For loans granted to a group , the company will enter into agreement with member of the group.
For loans granted to employees of private firms and parastatal organisations, the company will first sign the Memorundum of Understanding with the respective heads. Once the MOU is signed individual borrower when granted loan will sign a separate agreement.
For loans granted to employees of government through salarised Loan window, the company ,since it is already have permission, it will sign a separate agreement with the employees themselves
- The company will insure all its loans. The insurance cover will pay off the outstanding loan in the sad event the principal borrower dies or is incapacitated for whatever reason.
- The client shall bear the cost for insurance premium expenses which will be paid upfront
- The insurance premium charges will depend on the size of the loan