Emergency loan

This loan facilitates any unseen circumstances beyond our members’ control.
Emergency loans are given within a member’s entitlement, i.e. 4 times the member’s deposit.
This Loan is granted to a member even though he/she has an outstanding loan.
Loans are appraised based on members’ savings and ability to repay. The applicant must always remain with at least one third (1/3) of salary as net pay. This is after all deductions have been made repayment period is 18 months
Interest rate of 1% per month on a reducing balance
The loan has to be fully guaranteed.