School Fees Loans
Meant to meet a member's short-term needs of paying school fees for primary and high school.
School Fees Loans
Meant to meet a member's short-term needs of paying school fees for primary and high school.
Features
- School fees loan does not exceed Ksh 50,000.
- The interest rate is 1.2% per month on reducing balance.
- The repayment period is up to 12 months.
- Any member of this Sacco who has saved consistently for 6 months is eligible for this product.
Requirements
- A duly completed loan application form.
- 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 a member of the Sacco