Emergency Loan
Granted to members in addition to other loans, but must be supported by relevant documents.
Emergency Loan
Granted to members in addition to other loans, but must be supported by relevant documents.
Features
- Emergency loans do not exceed Ksh 50,000.
- The repayment period does not also exceed 12 months.
- The interest rate is 1.25% per month on reducing balance.
- Any member who has saved consistently for 6 months or a member with existing loans, but with a good repayment record qualifies.
- No member can have more than one emergency loan at any given time.
Requirements
- A duly completed loan application form.
- Supporting documents must be attached for approval.
- Attach copies of ID for both the applicant and the guarantor.
- Supporting documents must be attached for approval.