This is a short term loan that targets members with more disposable income but have less deposits.
Requirements
- Loans are repaid within a period of 12 months.
- The Interest rate is at 18% per annum on flat rate.
- Loan application must be supported by members latest pay slips.
- The Loan must be fully secured by guarantors.
- An insurance fee of 1% shall be charge on the Loan applied.
- There shall be an appraisal fee of 1% shall be charged on the Loan applied.
- Form fee of ksh 50 will be charged on all loan products which may change from time to time.
- No member shall have more than one Jiimarishe Loan.