Salary Advance

This is a loan meant to meet members’ most immediate needs.

• Qualifying Loan is pegged on the members’ ability to repay and must be within the member’s free deposits, subject to a maximum amount of Kshs. 50,000.

• Full Sacco membership of at least 3 months.

• Maximum loan period is 2 months.

• Interest is charged on reducing balance at 3% per month for loan repayable within a period of 1 month or 5% per month for loan repayable for 2 months.

• Security options: member deposits and salary. No guarantors are required.

• Approved within 3 working days.