Emergency Loan

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• Maximum amount: 3.5 times member’s deposits.
• Maximum repayment period – 12 months.
• Interest charged- 1% p.m. on a reducing balance.
• Loans security accepted – guarantors.
• Loans of KSh 50,000 and less – Granted without supporting document.
• Loans exceeding KSh 50,000 – Applicant will be required to provide proof of the emergency.
• Loan amounts of KSh 150,000 and below are disbursed through M-Pesa.

External Lumpsum Deposits Waiting Periods

A member who wishes to top up a lump sum amount to their member deposits  account with the intention of borrowing a loan will be subject to the following waiting periods:

500,000 and belowZero waiting period
500,001 to 2 Million30 days
Above 2 Million60 days

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