Mwalimu National enables YOU (new member) to access funds within your ability immediately your first savings deduction goes through. ONLY 1/4 of the amount applied will be retained in the new members account as savings. The loan must be fully guaranteed.
Terms and conditions of wezesha loan
- This product is for new members only.
- Rate is 1.13% p.m.
- Wezesha loan runs for a maximum of 72 months
- 2% wezesha processing fee shall be charged on the amount to be advanced.
- Maximum loan amount to be determined by the member’s ability subject to the loan being fully guaranteed.
- The minimum period for a member to qualify shall apply as per the sacco by-laws.
- Shares boosted shall earn dividends on pro-rata basis.
