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.