Available Loans

Normal / Development Loan

  • Three times of shares subject to 3.5 million maximum repayable for upto 48 months
  • 1% percent interest payable monthly on reducing balance

Normal / Development Loan

  • Upto Ksh. 200,000 repayable for up to 24 months.
  • 1% percent interest payable monthly on reducing balance

Normal / Development Loan

  1. Medical Loans
  2. Civil court loans
  3. Burial loans
  • Upto Ksh. 200,000 repayable for upto 24 months.
  • 1% percent interest payable monthly on reducing balance
  • For school fees and emergency loans supporting documents shall be required

Salary Advance Instant Loan

  • Members to apply under the normal terms
  • Members must be contributing shares and repaying their loans consistently
  • To get advance at ½ of one’s basic pay subject to available shares
  • Interest rate 10% per month
  • Repayment period 1-3 months
  • Required 3 months pay slips and 3 months bank statements

Sinking Fund Loan

  • Members to apply under the normal terms
  • Members must be contributing shares and repaying their loans consistently
  • Interest 1.25% per month on reducing balance
  • Upto Kshs. 300,000 repayable for upto 24 months on reducing balance
  • Members debt ration must be below 60% to qualify

Salary Advance Instant Loan

  • Members to apply under the normal terms
  • To apply for at least a year of servicing the normal development
  • Interest 1% per month on reducing balance
  • These loans are provided depending on the availability of funds in the society and on a first come first served basis.
  • Each loan shall be insured by a deduction of 1% of the total loan.

Product Loan

  • For purchase of other products, household goods, vehicles or land.
  • At higher interest rates than other loans
  • Members to apply for in the normal terms
  • To apply at least a year of servicing the normal development

Insurance Premium Finance

  • Members to apply under the normal terms
  • Members must be contributing shares and repaying their loans consistently
  • Repayment period 12 months
  • Interest 1.25% per month on reducing balance
  • Maximum subject to premium payable
  • Cheques directly to the Insurance Company

Premium Loan

  • For members repaying loans above normal ceiling, at higher interest rates.
  • Members to apply for the normal terms
  • To apply after at least a year of servicing the normal development
  • NB: A sinking Fund is in place for the Insurance of all the above loans.