Karo Loan

Loan Features:

1. Karo Loans will be accessed by members who participate in the KARO Savings Scheme.
2. Maximum repayment period is 36 months.
3. Interest will be at 13.2% per annum on reducing balance.
4. The Loan shall be assessed four times the members KARO savings.
5. Minimum monthly KARO Shares contribution shall be Kshs. 1,000
6. Minimum of six guarantors is required