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JIINUE LOAN

Jiinue Loan

  1. Purpose of loan
  • Loan product designed to assist members purchase household items and meet other financial needs as they arise.
  1. Maximum Amount
  • Deposits multiplied by 4
  • Maximum 1,000,000
  1. Maximum period
  • 20 Months
  1. Loan Security
  • At least 4 guarantors whose deposits adequately cover the loan applied.
  1. Other Conditions
  • At least 4 guarantors whose deposits adequately cover the loan applied.
  • Must pass net salary through FOSA
  • Maintain Net salary of at least Ksh. 3,000
  • Interest charged is fixed and compulsory for the maximum repayment period for each product.
  1. Interest rate
  • 1.33% Per month(26.60% Fixed)
  • Fixed on straight line on original loan borrowed and Maximum repayment period.