This loan is designed to meet emergency needs of our members.
- Maximum loan is 10% of members deposits or KES. 100,000/=, whichever is higher.
- Interest rate is 7.5% per month.
- The registered members can borrow and repay their loans via mobile phone platform.
- Maximum repayment period is 3 months.
- Security options: Member deposits.
- The Mpesa transfer rates are borne by the member.
- Full Sacco membership of at least 6 months and evidence of ability to pay.