1. All development, Manufaa and Top Up loans will be processed on the principal of first come first served basis.
  2. All loans must be secured/guaranteed unless the applicant’s deposits are higher than the loan applied and has not guaranteed any other loan.
  3. The 2/3 basic salary rule shall be observed at all times
  4. No new loan will be processed unless the previous ones are being serviced according to terms.
  5. Any loan not being serviced will attract accrued interest for every month in default
  6. Every loan retired prematurely shall attract interest of three (3) months of the outstanding balance.
  7. Every loan processed will attract an initial interest at the rate of 1.5 % of the loan granted
  8. All loan applications must be attached to a certified copy of the pay-slip
  9. Monthly deposit contribution will be a minimum of Shs 2,000= or 5% of applicant’s basic salary, whichever is higher
  10. The multiplier for loans will be 4 times a member’s deposits

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