1. Development loan

i) Development loans shall be granted for productive purposes

ii) To qualify for a loan, an applicant must have completed six months membership or such other period as the Board may determine from time to time

iii)  Applicant may be required to attach supporting document as proof of project viability

iv) Applicant must attach two most recent original pay slips or other documents(bank or M-pesa statement) as proof of ability to repay the loan.

v) Only one development loan shall be granted at a time.

vi) Every loan must be fully secured

vii) Other securities such as land, cars, shares, insurance policies and share certificates may be pledged as security.

viii) The BOD reserve the right to accept or reject any security pledged.

ix) Repayment period for the development loan shall not exceed 48 months

x) The interest rate shall be 1% per month on reducing balance or as may be determined by the BOD from time to time.

xi) Processing fees 3% -one off and credit life insurance 1.5% annually.

xii) Clean CRB report