Jijenge Loan

Jijenge Loan

The loan is meant to assist members who need to undertake medium term development projects.

 

Features

  • The loan is repayable within 60 months
  • Minimum amount applied is ksh500,000
  • The loan must be fully guaranteed and is pegged on one’s ability to pay and the deposits held by a member in the BOSA
  • Member should not have a running Super or Normal Loan
  • Minimum monthly contribution for applicants should be Kshs 5,000
  • Waiting period is one month subject to availability of funds.
  • Qualifying shares X4
  • Minimum of three guarantors subject to amount applied

 

Requirements

  • Preprinted application forms,
  • Copies of Identification Document used in the member registration,
  • Most current original pay slips for salaried members
  • Identification copies of the guarantors.
  • Guarantors’ original pay slips if any

jijenge
Telepost Sacco Society LTD