This is a loan that caters for Pre-Primary, Primary and Secondary education. Payment is made to the respective school upon provision of the relevant documents. Members are able to meet education expenses without being inconvenienced.
Features
Qualifying loan is 3.5 times a member’s deposits subject to a maximum amount of Kshs. 750,000.
Full Sacco membership of at least 6 months.
Maximum loan period is 24 months.
Interest is charged at 1% per month on reducing balance.
Security options: Guarantors’ deposits, member’s own deposits, motor vehicle logbook, Kentours Housing land title deed, life assurance policy.
