Purpose:

This loan facility enables our members to finance education for themselves and their children
Features:
•    The maximum amount is 3 times the member’s deposits
•    Interest rate is 1% per month on reducing balance
•    Maximum repayment period is 24 months
•    Quick loan processing: 2 days maximum  
•    One-off provision fee: 1%

•    One-off processing fee: 2.5%

•    One-off institutional capital fee: 0.5% ( Not exceeding kshs 5,000/=)
•    Security options: Guarantors’ deposits, member deposits, Fixed deposits
•    The Society will issue cheque in favour of the school or college
•    Full Sacco membership of at least 3 months and evidence of ability to pay