Our Loans
Since inception, the Society has advanced loans well over Kshs. 1 Billion to members. Loans are granted up to three times a member’s savings, subject to the 2/3 basic salary rule, with a maximum repayment period of 60 months. Priority is given to school fees loans between December and February.
Long-term facility repayable via check-off system. Interest rate is 12.5% p.a. (up to 3 years) and 14% p.a. (above 3 years up to 72 months).
Maximum amount is three times total deposits, subject to one-third take-home rule.
Short-term facility recoverable through check-off system at 14.45% p.a.
Maximum repayment period is 12 months, based on ability to pay.
Available as an addition to an existing Normal/Development Loan.
Charged at 5% of the amount applied, after six months of repayment.
Short-term facility aimed at supporting education needs.
Charged at 14.45% p.a. with a maximum repayment period of 12 months.
Very short-term loan payable in one month.
Maximum amount Kshs. 30,000, issued in cash at a flat rate of 7.5%.
Short-term loan repayable in six monthly instalments.
Charged at 15% reducing balance through check-off system.
Two-year loan facility charged at 17% p.a. on reducing balance.
Maximum amount Kshs. 200,000 with an application fee of Kshs. 2,000.
Short-term cash facility payable in two monthly instalments.
Maximum amount Kshs. 30,000 at a flat rate of 15%.
Short-term facility payable in four monthly instalments.
Charged at 16% p.a. through check-off system, subject to ability to pay.