Long Term Loans

LOAN AMOUNT MAXIMUM REPAYMENT PERIOD MINIMUM PAYMENT P.M
0-30,000 6 Months 5,000
30,000-60,000 12 Months 5,000
60,001 - 120,000 18 Months 6,666.67
120,001 - 180,000 24 Months 7,500
180,001 - 240,000 30 Months 8,000
240,001 - 300,000 36 Months 8,333

Features

1. Interest rate is 0.75% p.m on outstanding balance

2. Maximum of three (3) guarantors required.

3. Maximum repayment period is 36 months in respect to amount borrowed.

Term & Conditions

1. Applicant must be a member

2. Applicant must have saved with the group for at least six (6) months and contributed a minimum monthly share of Ksh. 2,000

3. Loan amount to a maximum of TWO times a member's shares

4. Mode of recovery is check off or standing order