Loan Application Procedures

Check-off members checklist

  • Provide dully filled loan application form
  • Provide 2 current payslips (consecutive months)
  • Check-off members’ may also provide alternative sources of income (Bank statement or Mpesa Paybill/Till statement) as proof of ability to repay.
  • Provide required number of guarantors and/or collateral for loans secured with title deed or logbook 
  • Provide additional supporting documents where required, for example, fees structure, hospital bill.

Non- check off checklist

  • Provide dully filled loan application forms
  • Provide 2 current payslips or 6 months certified bank statements
  • Provide required number of guarantors and/or collateral for loans secured with title deed or logbook
  • Provide additional supporting documents where required, for example, fee structure, hospital bill.
  • Provide a commitment letter stating the preferred mode of loan repayment and copies of standing order or direct debit form where applicable.

Guarantor requirements

  • One guarantor for loans of Ksh 100,000 and below, payable in 12 months or less.
  • Three guarantors for loans above Ksh 100,000
  • Self- guarantee allowed if loan amount is within a member’s deposits and member has not guaranteed other loans
  • A member can guarantee a maximum of 13 loans subject to 3.5 times deposits
  • Only active members are eligible to guarantee a loan (s)

Loan product inquiry