Special flex loan
Loan Features:
- Special Flex Loans will be issued to members who participate in the Special Flex Savings scheme.
- Maximum special flex loan is three times a members deposits in the special flex scheme subject to ability to repay.
- Minimum monthly special flex deposits contribution is at KES. 1,000.
- Maximum repayment period is at 48 months.
- Interest will be at 15% per annum on reducing balance.
- Savings under the scheme shall not participate in the normal loan granting.
- Minimum of six guarantors is required.