Normal /Development Loans

 

üA member must have been a member for a minimum period of six months.

üThe maximum amount of loan granted is Kshs. 3,000,000 but shall not exceed 3 times member’s shares.

üRepayable in 48 months.

ü1/3 rule is applicable.

üAttracts 1% interest rate per month.

üThe loans are given on a first come first served basis. 

üThe loan must be fully guaranteed by self or other members

 

NB: A loan application form must be completed for each of the categories above


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