Loans

Qualification for

Loans

. Borrow up-to a maximum of 3 times your savings @6.5% interest rate per year i.e 1% per month reducing balance

. A member qualifies for a loan after saving for six consecutive months

. The loan must be fully guaranteed a shilling for a shilling.

.no loans processing fees

. Loan refinancing considered only after prepayment of at least 70% of existing loan

.loans may be restructured in the case of permanent illness/accidents destroying major income    earning assets

. 3-7 days loan processing period

Loans repayment period is as below;

Below 50, 000-maximum of 2 years

Between 50, 001 to 499,999-maximum of 3 years

Between 500, 000 to 999,999-maximum of 4 years

Above 1, 000, 000-maximum of 5 years

The loans are approved within seven working days.