This is a product well-tailored to finance various education needs of the members or the member’s children those studying in both basics, Tertiary institutions and higher learning institutions.
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
Requirements
Three current pay slips
Copy of ID
Minimum of 5 guarantors and their ID Copies
A member should attach relevant supporting documents i.e. school fee structure or admission letter.