Frequently Asked Questions

Find answers to all your queries about our service.

  • DO YOU CHECK CRB BEFORE ISSUING A LOAN?

    NO , we don’t

  • CAN I APPLY FOR MORE THAN ONE LOAN?

    YES , as long as it’s not the same product and lending conditions are met, and ⅔ of the existing loans is paid.

  • HOW DO I QUALIFY FOR A LOAN?

    Having paid up membership fee, you can apply for a loan

  • WHAT DO I NEED WHEN APPLYING FOR A LOAN ?

    Be a bonafide member of the sacco. Have some share capital. - Name 3 guarantors who are members

  • WHAT IS THE MAXIMUM REPAYMENT PERIOD FOR THE LOANS?

    72 Months

  • IF I CLEAR A LOAN BEFORE ITS COMPLETION PERIOD, WILL I BE REQUIRED TO PAY INTEREST FOR THE FUTURE PERIOD ?

    NO

  • MUST I HAVE GUARANTORS WHEN APPLYING FOR A LOAN ?

    NO

  • WHAT HAPPENS WHEN THE PERSON I HAVE GUARANTEED DEFAULTS IN LOAN REPAYMENT ?

    You remind him so that he can pay and be a responsible borrower