Its given priority in processing:
Maximum Loan is Ksh.50,000/=
Instant charge of 10% of the loan applied
Processed within 24 hrs.
It is give solely for the purpose of paying school fees.
Applicant required to give documentary proof e.g. school fees structure
Used to settle education fees
Repayment period 12 months
Fee structures required
Granted to a member who wants to engage in a major development project i.e. building, starting a business, buying property.
Maximum loan ksh 1,000,000
Repayment period 36 months
Interest 12% p.a. reducing balance
This is a top up of a Normal/development loan.
Must have paid the existing loan for a period of atleast 6 months.
Loans are combined to one new loan.
Designed to cater for unforeseen circumstances. E.g. Hospitalization, funeral, court fines etc.
Some form of evidence necessary..
Maximum loan ksh 60,000
Repayment period 12 months
Interest 1% p.m. reducing balance method
No savings required
No guaratorship
Maximum loan ksh 200,000
Postdated cheques required
Interest 5% reducing balance
Repayable within 6 months
Interest rate 10% for members and 12.5% for non-members respectively.
Repayment period is 3 months
This is a withdrawal savings account designed to encourage members to save for some particular activities e,g. holidays, Christmas
Period can changed upon maturity if one doesn’t want to withdraw at that time
Attracts 5% interest on savings per annum
interest is lost if one withdraws before maturity