Loan Features

• For members in formal employment
• Loan calculation: Savings x 2 + Shares x 3 + 1month Net earning Interest rate is 10% per month.
• A most recent pay slip
• A recommendation letter from the employer (This applies to non-World Vision Staff only)
• Fully filled application form
• Interest rate of 16%
• The repayment amount should not exceed 50% of the net salary income of the member. In case it exceeds upon the member to write to their employee to remit more money to the Cooperative that covers loan repayment and monthly savings.