Purpose

The product is designed to assist members to meet urgent financial obligations and is processed within 1 hour.
Features:
•    The maximum amount is pegged on a member’s ability to pay
•    1 hour (Instant) loan processing period
•    Maximum repayment period is 3 month
•    Security options: Guarantors’ deposits, member deposits, Fixed deposits
•    Interest rate is 5% per month on reducing balance
•    No processing charges
•    Full Sacco membership of at least 3 months and evidence of ability to pay
•    Minimum amount shall not be less than Kshs 10,000/=

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