The loan facility helps a member meet emergency situations that were un foreseen. Mostly called ‘school fees’ loan by our members.
- Maximum repayment period is 12 months.
- The loan has to be guaranteed by 6 guarantors who should be members of the Sacco,
- The loan is processed within a day and maximum processing period is 1 week,
- Interest rate is 13% per annum on reducing balance.