Short-Term Loan

  • Savings Multiplier : 0.8%
  • Interest Rate : 2% (reducing balance)
  • Maximum Repayment Period : 6 months
  • Requirements :
    • None

Description

Perfect for urgent financial needs, our short-term loans offer swift processing and competitive rates, with no requirements for application.

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.