This loan product will be based and fully guaranteed by the Junior Savings.
- Qualifying Loan is equal to one’s Junior Savings amount.
- Full Sacco membership of more than 6 months.
- Maximum loan period is 12 months.
- Interest is charged at 1% per month on reducing balance.
- Security options: Junior Savings.
- Evidence of ability to repay: Latest pay slip.
- Approved within 3 working days.