SMALL LOAN

SL Description  Product and Services
1 Member Admission fees Applicable
2 Loan Processing Fees Applicable
3 Frequency of meeting Weekly (applicable for small loan)
4 Cash Collateral against principal loan Applicable
5 Interest of savings Not Applicable
6 Type of loan product Group based small loan (female  only)
7 Loan size (1st cycle) KSH 20,000 for 6 months
8 Loan duration 6 months and 10 months
9 1st loan disbursement After two weeks
10 Loan increment each cycle KSH 10,000 for  6 months and Ksh10,000 for 10 months
11 Service  charge/Interest Rate Applicable
12 Mode of repayment Weekly
13 1st installment After one week
14 Number of installment 25 for 6 months loan and 40 for 10 months loan
15 Installment KSH 45 per KSH 1,000 loan for 6 months and
KSH 30 per KSH 1,000 loan for 10 months
16 Loan insurance/risk premium Applicable
17 Risk cover LOP will be written-off in case of borrower death
18 Advance installment Last 4 installment for 6 months loan, 5 installment for 10 months

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