Frequently Asked Questions
1. What are the qualifications for one to get a loan?
6 months of consecutive savings no defaulter.
2. How many guarantors must one have?
Three or four guarantors.
3. How long does it take for one to get a loan afer application?
Credit committee meets twice a month on 8th and 20th.
4. What is maximum loan given?
Three times your savings
5. How does one get guarantors incase one is a new member?
Encourage one to attend the meetings arranged by the sacco.
Also get assistance from the one who introduced him/her to the sacco.
6. Who can join the Sacco?
Any Employed Person