Short Term Loan

These have a maximum repayment period of 6 months and maximum amount that can be taken by a member being 5,000,000/= (Five million shillings).

Eligibility

  • The maximum amount is 5 million.
  • Repayment is limited to 6 months.
  • The interest rate is 2.5% per month.
  • One with the running loan should access a short term loan after 4 months of consecutively repaying the long term loan.
  • A member can acquire this loan with another running loan but approval will depend on members’ ability to repay the loan.
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