Jipambe Merchandise Loan
Offered in partnership with other merchants.
• Maximum amount: As per quote but within 3.5 times of members’ deposit.
• Maximum period: 12 months.
• Interest charged: 1 % per month on reducing balance.
• Loans security accepted – guarantors.
• Loan proceeds payable directly to the merchants.
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:
| LUMPSUM AMOUNT (KES) | WAITING PERIOD |
| 500,000 and below | Zero waiting period |
| 500,001 to 2 Million | 30 days |
| Above 2 Million | 60 days |
