Special Advance

 

It’s a short-term loan (advance) granted to members to enable them sort short term financial needs.

Loan Features:

1. Loan Amount: The loan can be granted up to twice the value of the member’s special product savings, with a maximum limit of Kshs. 200,000.
2. Repayment Period: Within 4 months.
3. Interest Rate: Interest shall be charged on flat rate basis.
4. Collateral: Applied loan amount should be fully secured.