- This Loan is repaid up to a maximum period of 72 months.
- The Society charges an interest of 1 % per month on reducing balance.
- This loan is pegged on three times of the borrower’s deposits.
- The member’s latest two pay slips must support loan application.
- The Loan must be fully secured by guarantors.
- An insurance fee of 1% shall be charged on the loan amount approved.
- Form fee of ksh 50 will be charged on all loan products, which may change from time to time.
- A member shall be allowed to run only one development loan.
Interested in Normal/Development Loan or have a question?
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Our mission is to offer innovative financial and advisory services to members through mobilization of savings, formulation of policies and application of prudent management that will enhance their socio-economic welfare in a dynamic environment.
