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Emergency Loans
1)Emergency Loan – (Type 1).
Repayable in 12 months and attracts an interest rate of 12% per annum (1% per month) on a reducing balance method.
2) Emergency Loan – (Type 2)
Repayable in 24 months and attracts an interest rate of 18% per annum (1.5% per month) on a reducing balance method.
Note: a member can only be given one emergency loan either for 12 months or 24 months.
ENERGY Sacco was incorporated in 1982 with the objective of forming a savings pool by the members from they can borrow at affordable interest in order to finance their development.
Loan Types
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