Fanisi Loan
Loan Features:
- The Loan shall be assessed three times member's deposits in the Society.
- Maximum Loan repayment period is 84 months.
- The interest rate is 14% per annum on reducing balance.
- Eligible to members with Normal Deposits of KES. 500,000 and above.
- Minimum of 6 guarantors is required for this product.
- A member who is granted a Fanisi Loan must commit to continue saving the set minimum monthly deposits depending on the amount of loan granted as tabled below while meeting the loan obligation.
| Loan Amount (KES. ) |
Minimum Deposits Contribution (KES. ) |
| 400,000 | 3,500 |
| 400,001 - 1,000,000 | 4,000 |
| 1,000,001 - 1,500,000 | 5,000 |
| 1,500,001 - 2,000,000 | 6,000 |
| Above 2,000,001 | 7,000 |
