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  1. A member must have joined the Society by paying an Entrance Fee of ksh. 2,000.00
  2. Paid a Minimum Shares of Ksh.50,000.00
  3. Two (2) times of your deposits
  4. The Maximum advance amount ksh.1,000,000.00
  5. New members whose Deposits are less than ksh.500,000.00 will be given Maximum advance less the amount i.e. part of the advance will be retained to increase members deposits to ksh.500,000.00 or the difference
  6. No interest is charged on the advance.
  7. One off administrative fee of 4 % of the applied amount is charged
  8.  The member who applies for this product is not eligible to get dividend
  9. Repayment period of 12 months

Other Loan features include

* Members maximum loan/Product at 20 M.
* Insurance charge at 1.5% (one off).
* Mode of payment is Check off ,standing order and Mileage deductions.
* Non -check off members. Members will be advance a maximum of two and a half (2.5) of their deposits.
* Recoverable within the Parliamentary term, in particular the loan must be below or equal to the shares by the end of the term

Download Loan Application Form here.

 

  • KUSCCO
  • SASRA
  • COOP BANK
  • CIC
  • Britam
  • CODIC
  • State Deparment of Coperitives
  • NCC
  • CPF
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