This is a loan that a member can acquire to purchase land, construct a home or for home improvement and any other personal development that a member has.
Terms
Multiplier is 3 times a member’s savings
Savings up to six months
Maximum repayment period of 36 months
Low interest rate of 1% per month on reducing balance
Loan processing fee of Ksh 500
Requirements
Three current pay slips
Copy of ID
Minimum of 5 guarantors and their ID copies
