Masomo Loan

Masomo Loan

Meant to cater for education needs of members and their dependants.

Features:

• Members allowed to access up to 1/3 rd of the school fees amount paid directly to the Applicant Account to cater for the pupils/student shopping
• Loan Eligibility: within the 4 times bracket
• Repayment Period 18 months
• Interest rate 1.08 p.m. reducing balance
• Security: Minimum of 4 guarantors
• New members eligible for up to a maximum of Kshs. 30,000.00 upon consecutive saving for 3 months