A product which is meant for the members who have good savings but have not attained the six months period but are in need of a credit facility to cater for small expenses.
Terms
Maximum loan amount of up to a member’s savings
Savings up to 3 months
Maximum repayment period is 10 months
Low interest rate of 4% on reducing balance per month
Loan processing fee of Ksh 300
Requirements
Three current pay slips
Copy of ID
Minimum of 3 guarantors and their ID Copies
