Credit given to facilitate members for development purpose.
- 3 times member’s deposit
- 6 months membership
- At least 3 Qualified Guarantors
- Offsetting interest of 5% on outstanding loan balance
- mode of charging interest – Amortization
- loan Processing fee 0.75% of approved amount
- Mode of repayment by checkoff, MSACCO, Bank Account, Standing Order, Cash
- MINIMUM DEPOSIT CONTRIBUTIONS AS PER LOAN APPROVED.
- 0-200,000 Ksh > Kshs.3,600
- 200,001 – 500,000Ksh > Ksh.3,800
- 500,001 – 750,000Ksh > Ksh.4,000
- 750,001 – 1,000,000Ksh > Ksh.5,000
- 1,000,001 – & AboveKsh >Ksh.6,000
- LOAN INSURANCE PREMIUM; 1% OF AMOUNT APPROVED ONE OFF PAYMENT