emergency loans

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Emergency Loans

Emergency loans shall be granted for unforseen circumstances. The loans are given under the following terms...
- Repayble in 12 Months.
- Only one emergency loan shall be granted at a time.
- Emergency loans shall be given within members' entitlement.
- Maximum limit is three times member's deposit.
- Principal loan repayment is done separate from the interest payment.
- The interest rate is on 1.1% reducing balance.
- Maximum amount is Ksh. 250,000.00