Frequently Asked Question

MUST I HAVE GUARANTORS WHEN APPLYING FOR A LOAN?

Yes.

All loans granted by the society must be guaranteed sufficiently - If an amount applied for as a loan is within your deposits it is considered as self guarantor ship. For any amount being applied for that exceeds the amount of a Members deposit with the Sacco, guarantor ship is a MUST be done by other Members or collateral (log book’s 60% of its value and land title 100%).