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

•    One-off provision fee: 1%
•    No waiting period for qualifying new members and evidence of ability to pay

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