Pesa Pap Loan
It's a short term loan disbursed immediately to members once they apply.
Purpose: To give members quick access to small amounts of money for emergency daily expenses or urgent needs.
Features:
- Instant approval and disbursement
- Short repayment period (1-3 months)
- Small loan amounts compared to long-term loans
- Interest rate is 9%, (straight line method)
Requirements
- Active Sacco membership
- Good repayment record
- Regular savings