Loan Features

• Maximum amount is 1 million
• Repayment is limited to 2 months.
• Interest rate is 10% per month.
• A member can acquire this loan with another running loan with the exception of short term loan. Approval will depend on members’ ability to repay the loan.
• The loan shall be approved by the manager.
• Accessed within 12 hours.
• Members who may not have full shares can access the express loan upon purchase of an extra 6 shares.

• NOTE
• In terms of accident, critical illnesses and death, the member will inform the management with evidence of the emergency and approval will be done by the SACCO manager having the maximum amount one can access as 1,000,000/= (One million shillings only).