Loan product
Instant Loan
Short-term access to funds for immediate member needs.
TERM
6 Months
RATE
10% reducing balance
Share-based allocation rule
Maximum loan allocation limit is 3 times your accumulated total member shares.
Repayment policy
Starts
Repayments commence within 1 month.
Due date
Monthly repayment is due by the 15th.
Late penalty
Kshs. 30/day for late payment.