Emergency Loans

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Life is full of an unforeseen combination of circumstances that calls for immediate action. With our emergency loan facility, our members are able to access the much needed fund to enable them cover and pay for the emergency e.g. Hospital bills.

FEATURES

1. Granted at a maximum rate of (3*) times the members savings
2. Interest rate is 5% per month on reducing balance
3. Maximum loan amount is Kshs 100,000 payable in 3 months
4. Loans disbursed within 2 hours.
5. One off loan processing fee of 1% of the principal amount.
6. One off insurance fee of 1.5% on the principal.
7. Each monthly installment in arrears shall attract 5% penalty
8. Shares boost of 20% of member deposits is available for customers with ability to repay big loan but have less deposits