Normal Development Loan

Repayment Period: 48 Months
Interest Rate: 1% p.m reducing balance

• Granted for development investment e.g. acquisition of land/plot, house construction financing business, farming etc.
• Granted at two times ones deposits.

Refinance Loan

Interest Rate: 1% p.m reducing balance

• Issued where a member is unable to finalize project with the loan earlier taken, and needs to top up to finish his/her project.
• Repayment period is determined by the previous loan repayment period.
• Repayment of this loan should end at the same time with the earlier taken.

School Fees Loan

Repayment Period: 12 Months
Interest Rate: 1% p.m reducing balance

• Supporting documents from the relevant institutions must be attached to the application form.
• Cheques are only written to Schools, Colleges, and Universities.

Emergency Loan

Repayment Period: 12 Months
Interest Rate: 1% p.m reducing balance

• Maximum of Kshs. 50,000/-
• Granted for purposes of sudden hospitalization, funeral expenses, court fines and any other case as approved by the management committee.
• Should always have genuine supporting documents and attached where applicable.

Special Loan

Repayment Period: 5 Months
Interest Rate: 12% p.m reducing balance

• Must be repaid within five months.
• No guarantors or supporting documents is required.

CALVEX Loan

Repayment Period: 12 Months
Interest Rate: 1% p.m reducing balance

• Loan granted within 2 times your shares.
• This loan is granted to those who want to purchase household items and any other machine.

Safari Loan

Repayment Period: 10 Months
Interest Rate: 1% p.m reducing balance

• Granted to members who are proceeding for annual leave and both maternity &
  paternity.

Repurchasing/ Bridging Loan

Repayment Period: 48 Months
Interest Rate: 1% p.m reducing balance

• Gives members access to a new bigger loan on fresh terms.
• Applicable to members who wish to apply for a loan while still servicing a previous loan.
• Falls under the normal terms applicable to all loans.
• A Commission of 5% is charged on the loan balance being cleared.
• Granted within 2 times your deposits.