Purpose
Boresha Makao loan facility enables members to buy discounted household products e.g. Tanks, water purifiers, fridges, cookers etc. We actualize this through various partnerships.
Features:
• The maximum amount is pegged on installments of 2/3 of a member’s net pay
• Interest rate is 1.25% per month on reducing balance
• Maximum repayment period is 36 months
• Quick loan processing: 2 days maximum
• Security options: Guarantors’ deposits, member deposits, Fixed deposits
• 2.5% once off processing fee
• No waiting period for qualifying new members and evidence of ability to pay
.