The Society shall give loans and advances to members of amounts ranging from 10,000.00 to a maximum of 12,000,000.00 with a repayment period of up to 84 months or as may be determined by the board of directors from time to time.

General Loan Terms

  1. Has been a member and saving consistently for at least 6 months
  2. Maximum loan granted will be  3 times of the member’s deposits/savings and total loans shall not be more than three times (3) times of the member’s total deposits,
  3. Loans are processed on first come first service
  4. Interest charged will be 1% per month on reducing balance
  5. A member shall qualify for only one type of loan at a time.
  6. 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.
  7. Loans shall be approved based on the applicant’s character, capacity, ability to pay, capital and collateral/security offered.
  8. All loans must be 100% secured
  9. A ll loan Applicants will be required to provide their CRB report
  10. Loan repayment must exactly start 30 days after disbursement is strictly on direct debit or bank standing order


Download loan application form here!