Emergency Loan
- Savings Multiplier : 1.5%
- Interest Rate : 1% (reducing balance)
- Maximum Repayment Period : 12 months
- Requirements :
- Proof of emergency
- Account number of the service provider
Description
Get immediate financial assistance for emergencies. Our emergency loans come with a low interest rate and straightforward requirements to help you through unexpected situations.
Additional Information
- The Power of Guarantors : Guarantors provide an extra layer of security for the Sacco. This helps us recover loans in the event of default, protecting our member’s investment.
- The Benefits of Cell Groups : We understand that finding guarantors can sometimes be a challenge. That’s why we created cell groups. These groups, based on shared interest or location, allow members to support each other as guarantors, opening up more loan opportunities.
- Your Responsibility : Make timely loan payments to maintain good standing and keep our Sacco strong. If you’re facing trouble, talk to us – we always want to help our members.