This is a loan type that enables members to pay for emergencies such as hospital bills, arson, title deeds processing, court fines and any other financial constraints.
Terms
Multiplier is 3 times member’s savings
Savings up to six months
Maximum repayment period is 12 months
Low interest rate of 1.25% per month on reducing balance
Loan processing fee of Ksh 300
Payment is done within 24 hours
Requirements
Three current pay slips
Copy of ID
Minimum of 5 guarantors and their ID Copies
Supporting document to prove the Emergency (where necessary)
