Emergency Loan

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

  1. Loans are repaid within a period of 12 months.
  2. Interest charged on 1.25% per month on reducing balance method.
  3. No member shall have more than one Emergency Loan.
  4. The Loan must be fully secured by guarantors.
  5. An insurance fee of 1% shall be charged on the Loan amount approved.
  6. Form fee of ksh 50 will be charged on all loan products, which may change from time to time.
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