Eligibility for loan

  • 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.