Terms and conditions
- Member for at least 6 months
- Deposits are multiplied by 4
- Forfeit cash payment of dividends and interest for 3 consecutive years
- A copy of current pay slip or bank statement for computation of disposable income
- Minimum of 6 guarantors, guarantor must be members of the Sacco should not have guaranteed more than 5 loans.
- Repayable in 72 months
- Interest rate of 1.8% per month on reducing balance