Micro Loan
- Interest rate 2% per month flat rate
- Repayable in up-to 24 months
- Total members loans should not exceed twice the total group savings
- Guaranteed by all members of the group
- processing fee 2% and insurance fee of 1.5%
- No top up
- The Deposit multiplier is at 5 times the member deposit.
- Minimum share capital of 2000/-
- Monthly deposit contribution of 600/-
- Maximum loan ceiling at 50,000/-
- Below 10,000/- the repayment period is 12 months
- 10,001 – 20,000/- the repayment period is 18 months
- 20,001 – 50,000/- the repayment period is 24 months
