Our Loans are granted 3 times Members savings.
A member must have been a contributor for a minimium consecutive period of 6 months.
1. Development Loans for individuals
This is a comprehensive development finance option that focuses on providing personal and specialized services to meet our clients’ specific needs such as s purchase of property and Construction.
- Maximum loan 3 million.
- Repayment period of 36 months for Loan amount not exceeding Kshs 500, 000.
- Repayment period 48 months for loan exceeding Kshs 500, 000( Kshs 500, 000 – Kshs 3 Million).
2. Development Loans for corporate
- Maximum loan 5 million.
- Repayment period of 36 months
- Loan processed within one (1) week
- Processing fee 0.5%
3. Business Loans
This is a tailor-made loan facility suitable for business working capital and shorter financing requirements of a business.
This loan provides members with finances to grow their business payable at 1.25% interest on reducing balance for 12 months
4. School Fees
Maximum Repayment period is 12 months interest rate at 1% per month on reducing balance
5. Emergency Loans
The Loan is Processed within 24 hours
Maximum Repayment period is 12 months interest rate is 1% per month on reducing balance.
- Court Fines
6. Refinancing ( Top-up) loans
This facility is available to members who have serviced their loans faithfully for atlest 6 months.
The amount will be normally the difference between what one qualifies (2 times your shares) and the outstanding loan.
The period is rescheduled back to the initial loan period.