SMEs Products
Normal Savings Account
Loan Products
School Fees Loan
Take a loan to pay school fees or exam fees for yourself or your dependants.
Development Loan/Normal Loan
Granted for productive purposes only and the applicant may be required to attach the supporting documentation as proof of project viability
- Six-month consistent contribution
- The multiplier is three times deposits
TopUp Loan/ Refinancing
Asset Financing
Salary Advance/ E-Advance
Short term advance – This has a repayment period of two months and an interest rate of 7% per month on a reducing balance. The amount given is 50% on the member’s net pay and is recovered using the check-off system. When applying a member is required to give a copy of the latest payslip, if the amount applied is more than the member’s share contribution then this amount has to be guaranteed.
Long-term advance – This has a repayment period of six months and an interest rate of 10% per month on a reducing balance. The amount given is 50% on the member’s net pay and is recovered using the check-off system. When applying a member is required to give a copy of the latest pay slip and have 3 guarantors who are our members.