Karibu Loan

Karibu Loan


Project Description

Karibu loan is a loan product designed for new members who have been contributing to the Society for at least three months. This loan offers a maximum amount of Kshs. 120,000 to eligible members. It is an ideal loan product for those who have just joined the Society and are in need of financial assistance. With Karibu loan, new members can get the necessary funds to meet their financial obligations such as paying school fees, purchasing household items or even starting a small business.

Features

  • Eligible to new members who have been contributing to the Society for at least three months.
  • Maximum of Ksh.120,000.00
  • Interest rate @1.25% reducing balance per month
  • Three times member’s deposits
  • 12 months maximum repayment period
  • Must have paid full share capital of Ksh.15,000.00
2,097 Views