GENERAL LOANING CONDITIONS.

•The member must be a check off based member from public service, parastatal or stable private organization.
•The loan is granted immediately a member joins the Sacco and makes the first installment.
•A maximum loan of up to  is Ksh.300,000
•1/3 of the loan granted will be transferred to the deposits and Ksh.10,000 is immediately transferred to  share capital.
•The loan must be fully guaranteed by either guarantors or collateral.
•Repayment period is 20 months.
•Interest rate is 1.04% per month or 12.5 % per annum on  reducing balance.
•Ability is computed based on 1/3 rule of member’s salary.
•Must be recovered through the payroll.