Five loan products. Zero interest.
Borrow against your standing in the cooperative — with a transparent processing fee, never interest.
Choose the facility that fits your need
Interest-Free Loan (Standard)
The cooperative's standard facility — no interest, a transparent processing fee only.
- Eligibility
- Confirmed member, zero arrears, no other active loan
- Guarantors
- 4 guarantors required
- Processing
- Standard processing
- Fee & Limit
- 5% processing fee · up to 2–3× your Share & Savings balance
Emergency Loan (Short-Term)
A fast-track facility for urgent, unplanned needs.
- Eligibility
- Confirmed member, zero arrears
- Guarantors
- 2 guarantors required
- Processing
- 24-hour fast-track review
- Fee & Limit
- 10% processing fee · amount subject to approval
Development Loan
For larger, purpose-driven projects such as home improvement or business expansion.
- Eligibility
- Confirmed member for 12+ months, documented purpose
- Guarantors
- 4 guarantors required
- Processing
- Standard processing
Salary Advance
For members on active payroll deduction, advanced against upcoming salary.
- Eligibility
- Confirmed member, registered employer, active payroll deduction
- Guarantors
- Employer verification in lieu of guarantors
- Processing
- Standard processing
Education Loan
Supports tuition and education-related expenses for members or their dependents.
- Eligibility
- Confirmed member, valid admission letter
- Guarantors
- 3 guarantors required
- Processing
- Standard processing
Not sure which loan fits?
Speak with your Account Officer — they’ll help match your need to the right product.
Talk to an OfficerFrom application to disbursement
Submit Application
Choose a loan product, enter the amount, purpose, and your guarantors' details.
Guarantor Consent
Your nominated guarantors confirm their consent digitally.
Account Officer Review
Your Account Officer reviews eligibility and supporting documents.
Approval
Applications above the standard threshold are routed to the Credit Committee.
Offer & Acceptance
You review the offer — amount, tenor, and repayment schedule — and accept digitally.
Disbursement
Funds are disbursed to your account following dual sign-off by Finance.
Clear repayment terms, from day one
Your loan offer shows the exact monthly instalment, tenor, and total repayable before you accept — no surprises later.
- Monthly instalment is fixed for the life of the loan
- First repayment is due 30 days after disbursement
- Repayments can be made via payment gateway, bank transfer, or payroll deduction
- Missed repayments trigger member and guarantor notifications, not immediate penalties
Common questions about loans
Yes. In line with our non-interest financial model, loans carry no interest — only a transparent processing fee (5% for the Interest-Free Loan, 10% for the Emergency Loan) disclosed before you accept any offer. This is grounded in the cooperative's by-laws and applicable cooperative law, not a conventional interest-based framework.
Loan amounts are generally capped at two to three times your Share & Savings balance, subject to the cooperative's approved policies and your eligibility.
It depends on the loan product — typically 2 for the Emergency Loan and up to 4 for the Interest-Free or Development Loan. Your guarantors must also be Confirmed Members in good standing.
A late payment attracts a penalty of 2% of the total amount loaned, subject to Board approval. Early contact with the cooperative always helps if you anticipate a difficulty.
Confirmed members can apply for a loan today
Not yet a Confirmed Member? Membership grows into full loan eligibility within six months.
Fun Iserere Temi Tire — For the benefit of mine and yours