Junior Loan

Product Description
This loan product will be based and fully guaranteed by the Junior Savings.

Features

• 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.