Ordinary Loans

If it’s your first time to request a loan, you are entitled to an ordinary loan. You can access this loan after 6 months of contribution based on availability of funds. Maximum for repayment is 12 months this can be extended for members who are not requresting for loan for the first time and never defaulted on their previous loan

An Ordinary loan shall be granted up to a maximum of 2 times the net balance in their savings account.

An ordinary loan granted to a member shall be recovered within twelve (12) months.