Features

• The minimum period for a member to qualify for the facility shall apply as per the Sacco by-laws.
• Members can only access a second deposit advance facility upon repaying the first loan in its totality.
• Members can only be advanced a top-up of up to 50% of their deposits.
• The facility shall attract a onetime 5% charge on the amount advanced.
• Maximum amount to be advanced is Ksh. 150,000.00 and will only be granted to a member who is taking a loan.
• The deposits boosted shall earn interest on pro-rata basis as the rest of the deposits.
• An official form will be completed by a member who wants the facility.