- Minimum Qualifying amount is KShs. 5000.00 while the maximum amount is KShs. 100,000.00 subject to a member’s individual scoring.
- An interest rate of 5% is recovered upfront from the amount borrowed.
- Maximum repayment period is 3 months (90 days) with a monthly roll over of the outstanding loan balance. At the end of each month, the balance rolls over and a nominal fee of 5% is charged on this balance.
- A member must be registered for mobile banking services to access this product.
- A member can borrow as many times as possible so long as s/he does not have an outstanding QC loan.
- Direct deposit to FOSA or mobile deposits followed by self-initiated transfer to the loan to do repayments of the QC loan.
- Eligibility for this product is a continuous membership period of at least 6 months with consistent regular monthly contributions.
