Business Loan
- Advanced only to ongoing Businesses
- Repayment is as per Loan Repayment schedule (set a link to the repayment schedule)
Emergency loan
- A maximum of Kshs100,000
- Must be fully Guaranteed
- Repayment up to 12 months
- Not eligible to corporate members
Education Loan
- Disbursed after a valid school fees structure has been presented
- The loan shall be disbursed via cheque to the institution directly
- Repayment up to 24 months for post-secondary education and 12 months for secondary and primary institutions.
- Must be fully Guaranteed
- Not eligible to corporate members
Development Loan
- Must be fully Guaranteed
- Repayment is determined as per Loan Repayment schedule (set a link to the repayment schedule)
Agribusiness Loan
- Customized to fit members needs
- Repayment up to 24 months
Church Loan
- Must be fully Guaranteed
- Repayment is determined as per Loan Repayment schedule (set a link to the repayment schedule)
Benevolent fund
- This fund is maintained by the group for the purpose of offering financial assistance to families of the members who have succumb. A Kshs 120 deduction is done in the beginning of the year
LOAN ELIGIBILITY
The members that qualify for a loan;
- Those that have been saving consecutively for the last six months.
- A member qualifies for a loan that is equal to 3 times their savings,
- a member is expected to get other guarantors for any amount that excides their savings.
- Time taken to make the repayment of the loan depends on type of loan.
Loan Repayment Schedule
All loans granted are guided by the following schedule
| Amount | Repayment Period |
| Less than 10,000 | Maximum of 1 yr |
| 10,001 – 50,000 | Maximum of 2 yrs |
| 50,001- 500,000 | Maximum of 3 yrs |
| 500,001-999,000 | Maximum of 4 yrs |
| Above 1,000,000 | Maximum of 5 yrs |
Grace Period
Grace period for all loans will be one month (30 days) from the date of disbursement.
Interest on loans
All loans shall be one per cent (1%) per month on reducing balance.
