Features:

• Members can access loans up to Kshs. 1,000,000 based on the total value of the guarantor’s deposits.
• The loan amount can be up to four times the total deposits of the member, providing a substantial borrowing capacity.
• A competitive interest rate of 1% per month on the reducing balance. This means that interest is charged on the outstanding balance of the loan, decreasing as the loan is repaid.
• The loan is repayable over a period of 24 months, offering an extended repayment schedule for greater flexibility.
• Members have the option to top up their loan amount, subject to a one-time fee of 5% on the additional balance. This feature provides flexibility for additional financing needs.

• To qualify, one must have completed at least 6 months of membership and must be up to date with their monthly contributions.