Emergency Loan

Terms and conditions

  • Member for at least 6 months
  • Deposits are multiplied by 3
  • A copy of current pay slip or bank statement for computation of disposable income.
  • Minimum of 4 guarantors, guarantor must be members of the Sacco should not have guaranteed more than 10 loans.
  • Repayable in 12 months.
  • Maximum amount of Kes. 40,000/=
  • Interest rate of 1.7% per month on reducing balance