Masomo Juu
This product is to pay fees for higher institutions of learning such as university or TVET Institutions. The loan can be granted to a member even though they have an outstanding loan.
Masomo Juu
The loan is basically to pay higher learning fees, that is, university and college fees.
Features
- The amount granted is a minimum of Kshs. 50,000 and a maximum of Kshs.120,000.
- Interest rates are 1.25% per month on reducing balance.
- The repayment period is up to 24 months.
Requirements
- A member must attach a fee structure on the loan application form or an admission letter from the learning institution.
- Applicants must attach a current and certified fee structure from the Education institution on the loan application form.
- Applicants must attach their ID copies as well as those of their guarantors’
- Applicants must be active members of the Sacco