The Society shall give loans and advances to members of amounts ranging from 18,000.00 to a maximum of 40,000,000.00 with a repayment period of up to 120 months or as may be determined by the board of directors from time to time.

General Loan Terms
  • Has been a member and saving consistently for at least 6 months
  • Maximum loan granted will be a maximum of 3 times of the member’s deposits/savings and total loans shall not be more than three times (3) times the member’s total deposits,
  • Loans are processed on first come first service
  • Interest charged will be 1% per month on reducing balance
  • A member shall qualify for only one type of loan at a time.
  • Monthly share contributions shall be kshs.2, 000 for advocates and 1,000/= for non advocates or 0.25% of the loan granted, whichever is higher.
  • Loans shall be approved based on the applicant’s character, capacity, ability to pay, capital and collateral/security offered.
  • All loans must be 100% secured
  • Loan repayment must exactly start 30 days after disbursement is strictly on direct debit or bank standing order