This loan is granted to meet member emergency needs within the shortest time possible.The waiting period not being more than 24 hours.
- One must be a member of Jamii Sacco.
- One must have contributed for at least 6 months.
- Interest rate is 1% per month or 12% per annum on reducing balance.
- A duly Completed loans application form.
- Original current pay slips for three months.
- A copy of the members national identity card.
- One third (1/3) rule is applicable.
- One must have one emergency loan at a time.
- Loan must be guaranteed.
- Granted 3 times the member total deposits.
- Payable in 24 months.