This product is a short term loan which the members gets almost instantly and is not pegged on the member’s deposits.
Requirements
- Loans are repaid within a period of 1 month.
- The Interest rate is at 5% and lumped up with the Loan applied.
- 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 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 yellow Loan at one time.