Mwalimu Sacco Emergency Loans

Emergency Loans:

These loans essentially help members meet emergency financial needs such as hospitalization, bills that may fall due suddenly and unforeseen circumstances.

Product features:

  • Repayable in 24 months
  • Only one emergency loan can be granted at a time
  • Emergency loans are given within a member’s entitlement
  • Maximum limit is a members’ deposits x 5 (subject to 1/3 salary rule and ability to repay within twenty-four months)
  • Principle loan repayment is done separately from interest
Posted in TSC Latest News.

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