Development Loan

Development Loan

• Scheme Benefits: For Development Purposes
• Loan of Up to Ksh 5 Million
• This loan is based on the Main Scheme Savings & a member must have saved for 6 months to qualify.
• Maximum entitlement is x3 the total savings/deposits held in the scheme.
• Maximum repayment period is four years (48 months) for loans above 2 Million and six Years (60 months) for loans less than 2million.
• The current applicable rate of interest charged is at a reducing balance.