The purpose of this loan is to assist our membership in enhancing their Wealth creation drive, while providing them with cash resources. With a maximum loan amount of $20,000.00, members will be able to grow their savings with 60%  of the loan being placed onto their Share Account and 40% paid in cash.

  • Repayment Period: 24 months
  • Service Charge of 10% per annum is levied upon this loan plan.
  • Every member is eligible to access the loans on this plan once he/ she satisfies the following criteria:
  • Applicant’s account must not be in arrears
  • Must not have liquidated loan balances within the last 6 months due to inability to meet commitments
  • Must show ability to repay the loan within a 24 month period.

Requirements

  • Evidence of Income (Payslip / Job Letter)
  • Any other documents that may be necessary
  • ID