This loans are available for emergencies including hospitalization, funeral expenses, court fines, and/or any other unforeseen circumstances beyond the members’ control. Payable for twelve (12) months at an interest rate of 12% p.a.
Normal Loan
Normal loans are available to members who need finances for development purposes to be repaid over a maximum period of sixty (60) months and charged Interest at 1% p.m. subject to clause 3.2.10 on interest rates.