Loan granted to empower members to take on development projects
Requirements
- Member must be in the Sacco for at least 6 months and saving consistently.
- Guarantors and acceptable collaterals are required
- Terms and condition on self-guarantee apply.
- Interest is on reducing balance at a rate of 1% per month
- The applicant is expected to make the required Monthly Contribution along with servicing the loan
- Repayment period is up to 24 months.
- Applicant shall be required to fill loan form and attach all documents required.