Loan Products
Normal Loans
Payroll-deducted members qualify for loans up to twice their share capital, while non-payroll members can access up to one and a half times their shares, provided they secure collateral equivalent to half the loan amount.
- Interest rate: 4.5% per month (reducing balance)
- Repayment period: 24 months
- Charges: 5% processing fee, MK1,000 loan form fee, and MK500 credit reference bureau fee
Emergency Loans
Designed to assist members with urgent financial needs. Available after three months of membership.
- Interest rate: 4% per month (reducing balance)
- Repayment period: Maximum of 5 months
- Charges: 5% processing fee, MK1,000 loan form fee, and MK500 credit reference bureau fee
Material Loans
Members can access goods such as televisions, iron sheets, bicycles, blankets, and other household items.
- Markup: 40% of item cost
- Repayment period: 8 months
- Charges: 4% processing fee, MK1,000 loan form fee, and MK500 credit reference bureau fee
Income Generating Activity (IGA) Loans
Tailored to support members who wish to engage in business ventures or income-generating activities.
- Accessible after: 4 months of share contribution
- Interest rate: 5% per annum (reducing balance)
- Repayment period: Up to 12 months
Special Loans
This short-term facility is available to members who have contributed shares for at least two months.
- Interest rate: 9% per month
- Repayment period: Up to 2 months