This kind of loan enables members to meet emergency or urgent financial needs.
- 72 working hours processing period.
- A Member can borrow three times their saving with a borrowing ceiling of Kshs. 300,000.
- The loans must be fully guaranteed.
- The repayment period is 12 months.
- The interest rate is 2.5% on a reducing loan balance.
- On request a cheque can be written in favor of a third party.