This loan is granted to our members for their own personal development e.g. buying of land, vehicles, property or any project, house improvement, purchase of listed shares.

Requirements

1. This Loan is repaid up to a maximum period of 72 months.
2. The Society charges an interest of 1 % per month on reducing balance.
3. This loan is pegged on three times of the borrower’s deposits.
4. The member’s latest two pay slips must support loan application.
5. The Loan must be fully secured by guarantors.
6. An insurance fee of 1% shall be charged on the loan amount approved.
7. Form fee of ksh 50 will be charged on all loan products, which may change from time to time.
8. A member shall be allowed to run only one development loan.