A member is given 2.7 times his/her deposits or the ability to pay. These are loans repayable at a longer period from 36 months to 60 months. The interest rate is 15% per annum or 1.25% per month on reducing balance method. Its purpose is to cater for member’s economic development or advancement. Examples of such loan are for acquisition of land and construction of houses among others. The requirements for this loan is that a member must present two most recent employer’s pays lips which should not reflect any un-cleared loans [emergency] and full amount of loan requested must be fully guaranteed by bona fide members.