Karibu Loan

Purpose: A stator loan to new members to help them settle into Sacco

Features:

  • Usually given to new members who have not raised the full share capital of 11,600/=
  • Maximum amount of 32,000/=
  • Short repayment term 1-12months
  • Encourages new members to borrow responsibly and build credit history.

Low interest rate 1.6% reducing balance.