This product is given to cater for unforeseen happenings beyond a member’s control e.g. for funeral arrangements, medical bill settlement, court fines and others.
Requirements
- Loans are repaid within a period of 12 months.
- Interest charged on 1.25% per month on reducing balance method.
- No member shall have more than one Emergency Loan.
- 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.