We are there when life knocks hard
This product helps members take care of urgent and unexpected life expenses e.g. hospital bills or other urgent family expenses
- Maximum Loan is Kshs 400,000
- Loan issued shall not exceed four times one’s deposits.
- Repayment period shall not exceed 12 months.
- Interest rate shall be 1.5% per month on reducing balance.
- Only a member’s deposits are used as security.
- Disbursed within 24 hours.
- To qualify, one must have completed at least 6 months of membership and must be up to date with their monthly contributions.
- Ensure contributions have been consistent for at least 3 months prior to the loan application.
- Show proof of ability to repay the loan.
- A member who transfers shares from another society will only be eligible for a loan after 3 months.
- All loans shall be insured by a reputable insurance company against death or permanent disability.