Purpose
The Emergency Loan is designed to address urgent needs and emergencies.
Features
- The maximum amount one can borrow is 3 * Deposits up to Ksh. 1 Million.
- The repayment period shall be a maximum of 12 months subject to contract period.
- The loan shall attract interest rate of 12% per annum on a reducing balance basis.
- The Security shall be the member's and guarantors' deposits.