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PRODUCTS AND SERVICES

Find Loan Products We Offer

The following are the products that we offer to our members

upon qualifying for loans.

imgDevelopment Loan

1. This is granted at a maximum of 4 times members net deposits.
2. Repayable within 60 months.
3. Disbursement within 14 working days upon receipt of appropriately filled Loan application form and accompanying documentation.
4. The interest rate is 12% p.a on a reducing balance.

imgEducation Loan

1. The loan is taken to enhance payment of school fees be it university, high school or college fees.
2. A member is entitled to 4 times their total deposits at a maximum limit of KES.500,000.
3. Disbursed within 3 working days.
4. Interest rate is 1%p.m.on reducing balance.
5. Repayable within 12 months.
6. Only one school fees Loan may be granted in one calendar year.

imgEmergency Loan

1. Applied to cover unforeseen events which are beyond a member’s control including sudden hospitalization or funeral expenses.
2. The Loan is granted within a member’s entitlement [i.e. 4 times the member’s deposit] subject to a maximum ceiling of KES. 500,000.
3. Repayable within 12 months interest rate of 1%p.m on reducing balance.
4. Disbursed within 24 working hours.

See How to Qualify and Get Your Loan Easily Today

The member qualifies for loan by contributing for six months and having the minimum shares of Ksh 10,000.