Emergency Loan

To cover unexpected eventualities like sudden hospitalization, funeral expenses, court fines, and other unforeseen circumstances beyond a member’s control, but shall not include house rent dues or other loans covered under this policy.

a. A member shall qualify for only one emergency loan at a time. .

b. Emergency loans is payable within a maximum period of 6 months.

c. Interest charged will be 1.5 % per month on reducing balance.

d. A member shall be granted a maximum of Kshs. 50,000