Purpose:

To enable individuals who have an immediate ned for funds because of an emergency and who have no other source of money available within the time ncessary to act.

Features:

Strict adherence to the 2/3rds rule (No member will be subjected to deductions in excess of 2/3 of his monthly salary or income)
Turnaround time: 24-48 Hours
The applicant must have contributed shares for atleast 6 months ( Shares/deposits transferred from othe saccos qualify during appraisal)
Interest rate 1.5% per month on reducing balance
Repayment period: 12 months.