Jiimarishe Loan

This is a short term loan that targets members with more disposable income but have less deposits.

Requirements

  1. Loans are repaid within a period of 12 months.
  2. The Interest rate is at 18% per annum on flat rate.
  3. Loan application must be supported by members latest pay slips.
  4. The Loan must be fully secured by guarantors.
  5. An insurance fee of 1% shall be charge on the Loan applied.
  6. There shall be an appraisal fee of 1% shall be charged on the Loan applied.
  7. Form fee of ksh 50 will be charged on all loan products which may change from time to time.
  8. No member shall have more than one Jiimarishe Loan.
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