LONG TERM LOANS
- Repayable in 84 months
- No maximum amount
- Interest at 1% Per Month
- One should have at least kshs 100,000.00 for share capital
- Repayment method as armotized.
- Repayable in 48 Months
- No Maximum Amount
- Interest at 1.08% Per Month
- Installment is at Reducing Balance
- Repayable in 72 Months
- No Maximum Amount
- Interest at 1.25% Per Month
- Installment is at Reducing Balance
- Repayable in 72 Months
- No Maximum Amount
- Interest at 1.25% Per Month
- Installment is at Constant Reducing Balance
- Repayable in 48 Months
- No Maximum Amount
- Interest at 1.08% Per Month
- Installment is at Constant Reducing Balance
- No maximum limit
- Period 84 months
- 1.3% Constant Reducing Method
- 80% of members deposits
- Deposits should be free from guarantor-ship
- Interest rate of 1%
- Duration 48 months
Platinum Loan
- Accessible to all members
- A member is required to commit himself by retaining 100% of interest on deposits for the period of the loan
- Interest on deposit retained is used to boost deposits
- The loan repayment is 84 months interest calculated under constant reducing balance.
- Interest rate is 1.2% per month
- Loan processed within 14 days.
- A member can access this loan in addition to other loan products and needs to fill a commitment letter when submitting the loan form
- Boosting of deposits allowed either by cash or through loan proceeds.
SHORT TERM LOANS
- Maximum of 300,000
- Period of 18 months
- Interest rate of 1.08%
-
- Maximum of 300,000
- Period of 18 months
- Interest rate 1.08%
- Maximum 30,000 regardless of member‘s deposits
- Repayable in 6 month
- Interest 5%
- 90% of Angel Savings
- Repayable in 12 months
- 0.8% per Month
- Repayment period of 24 months
- Maximum amount of 200,000 only
- Interest Rate at 1.2% Per month
- Processed same day
- Amount – Determined by 1/3 Rule
- Repayment and Processing Period – Determined by loan type
- Charges – 5% of Amount of deposit boosted
- Others – Amount earn interests at the rate determined at ADM
| Loan Type | Amount | Period | Interest Rate
|
|---|
| Super Share Holder Loan
| No Maximum
| 84 Months
| 1% Per Month
|
| Development Loan Option 1 | No Maximum | 48 Months | 1.08% Per Month
|
| Development Loan Option 2 | No Maximum | 72 Months | 1.25% Per Month
|
| Development 1 Reloaded | No. Maximum | 48 Months | 1.08% per Month Constant Reducing Method
|
| Development 2 Reloaded | No. Maximum | 72 Months | 1.25% per Month Constant Reducing Method
|
| Platinum | No. Maximum | 84 Months | 1.2% per Month Constant Reducing Method
|
| Senior Citizens | 80% of Deposits | 48 Months | 1% per Month
|
| Super Saver Loan | No Maximum | 84 Months | 1.3% Constant Reducing Method
|
| Emergency Loan | 300,000.00 | 18 months | 1.08% per Month
|
| School Fees Loan | 300,000.00 | 18 months | 1.08% per Month
|
| Mkombozi | 300,000.00 | 24 months | 1.2% per Month
|
| Masomo Loan | 90% of Masomo Savings | 12 months | 0.8% per Month
|
| Angel Loan | 90% of Angel Savings | 12 Months | 0.8% per Month
|
| Papo Hapo (Instant) | 30,000.00 | 6 Months | 5% per Month
|
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