How We Work
to get a loan
and
Frequently Ask
Questions

1

Step 1

Open up an account with us
2

Step 2

Fill in a loan form and also 2 guaranter forms
3

Step 3

Inspection - visiting your work place
4

Step 4

Get the money. NB: Terms and conditions Apply

Frequently Asked Questions

 
  1. Three passport photos
  2. A copy of national ID, driving permit or passports
  3. Membership fee ........................10,000/=Shillings
  4. Passbook fee ...........................3,000/=Shillings
  5. One Share ................................20,000/=Shillings
  6. Min-balance on saving A/C .........10,000/=Shillings
One Week
Yes. Your deposit is treated as the first charge/security plus a minimum of 2 guarantor’s depending on the size of the loan. The guarantors will be jointly and severally liable in the event the borrower defaults. NB: All our loans must be secured with a land tittle, land sales agreement or a car logbook to those we have known for long.
Yes. A member is entitled to all other loans so long they prove capacity to pay. However, long term loans can only be taken one at a time
Yes. Dividends are as a result of interest earned/received from loans issued to members. Once they are declared by the board and approved by the AGM, they are distributed to all the persons who were members in good standing with the society as at the close of that financial year, i.e. their contribution and loans are up to date.
Guarantors are any person of sound mind and of good characters
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