The Society shall advance loans to its registered members who have been with the Sacco and have been making monthly contribution for a period not less than 6 months. The loan period with range from one (1) month to 60 months.
The minimum amount that a member can borrow is Kshs. 1,000 while the maximum amount shall not be more than three (3) times of a member’s share contribution to the Sacco or as may be determined by the board of directors from time to time.
The following loans are available but their names and attributes are subject to review by the Management Committee in accordance with the provisions of this policy.
- Instant facility for amounts less than Ksh50,000 - walk in without money and walk out with money