The member should have in his subscription savings an amount equal to or more than the amount of loan that can be granted; e.g if the amount balance in the subscription is $7,000/- the loan granted shall not exceed $7,000/- (The subscription is held as collateral for the loan).
Repayment Period
Repayment period shall be between 12 months and 48 months, in equal monthly installments.
Overlapping Loan
Members may apply for a further loan even before a previous loan is fully repaid.
