In line with our core mission “To empower our customers through the provision of timely,affordable and diversified financial solutions” .We have revised the interest rates and loan lending requirements for our loans as illustrated below.

 NEW INTEREST RATES

TOP UP LOAN

  1. Repayment period is up to 36 months.(PREVIOUSLY 30 MONTHS)
  2. It attracts interest at the rate of 1.5 % per month on the reducing balance (9.75% per annum).
  3. Top up loan will be as per the borrower’s ability to pay.(PREVIOUSLY 25% OF THE DEVELOPMENT LOAN)

MANUFAA LOAN

  1. The multiplier will be four times the deposits.(PREVIOUSLY FIVE TIMES)

EMERGENCY LOAN

  1. Emergency loan may have document evidence (PREVIOUSLY MUST HAVE )
  2. Every member shall be entitled to only one emergency loan not exceeding Kshs.300,000= at a time.(PREVIOUSLY 200,000)
  3. Repayment period shall be within 18 months. It attracts interest at the rate of 1% per month on the reducing balance (6.5% per annum).

SCHOOL FEES LOAN TWO

  1. The maximum amount shall be kshs 250,000

COLLEGE AND UNIVERSITY FEE LOAN ONE

The maximum amount shall be kshs 1000,000.

COLLEGE AND UNIVERSITY FEE LOAN TWO

  1. It attracts interest at the rate of 1.5% per month on the reducing balance (9.75% per annum).
  2. The maximum amount shall be kshs 500,000.

KARIBU LOAN

  1. This will be accessed by newly employed officers who are less than 12 months old in employment (members) who require support to settle in their new employment.(PREVIOUSLY 6 MONTHS)
  2. Repayment period shall not exceed 24 months. (PREVIOUSLY 36 MONTHS)
  3. Interest rate will be 1% per month on reducing balance (6.5% per annum).

MASLAHI LOAN

  1. Maximum repayment is 12 months (PREVIOUSLY 15 MONTHS).
  1. Interest rate is 2 per month on the reducing balance (13% per annum).(PREVIOUSLY 2.5 PER ANNUM)

INSTANT LOAN

  1. Maximum amount shall be Kshs. 75,000 /=.(PREVIOUSLY KSHS 50,000)
  2. The rate of interest is 2% per month on reducing balance (13% PER ANNUM).(PREVIOUSLY 3% PER ANNUM)

KUJIVINJARI LOAN

  1. Maximum amount shall be KShs. 50,000 /=.(PREVIOUSLY KSHS 30,000)

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