This loan is meant for educational advancement. It may be taken out by parents/ guardians to pay for their students or individual members who want to pursue education.

Loan Features

• Max amount is up to 4 times the savings
• Maximum repayment period is 36 months
• Minimum Sacco membership is 6 months
• Interest rate is 12% -13% p.a reducing balance
• Processing fee is 1%, Insurance 0.7% p.a
• Security – own shares and guarantors