SAVE REGULARLY,BORROW WISELY,INVEST WIDELY AND REPAY PROMPTLY
This is product offered at the Sacco at rate of 1%pm or 12%pa reducing balance to maximum period of 48months.
Its interest rate changed from 15% to 13% P.A. Thus its interest P.M changed from 1.25% to 1.08 % effective May 2017.
Its interest rate changed from 16% to 14%PA. Thus its interest P.M changed from 1.35% to 1.17% Effective may 2017.
Repayment period changed from maximum of 12 months to maximum of 18months at interest rate of 1%PM on reducing balance
This is a development loan that forms a major portion of the members loan portfolio that runs for between more than one year and less than four years.
Bank: COOPERATIVE BANK
Branch: University Way
Paybill No. 577322
ACCOUNT : MEMBER ID NO