This loan is advanced to members to purchase electronics gadgets such as television, laptops, computer etc. The Sacco shall make arrangements on behalf of the member to get the items cheap through partnership with the providers.
Features of Digital Loan
- Maximum amount should not exceed (3) times members total contribution
- Maximum amount is 300,000/=
- The minimum amounts is Ksh 10,000
- Maximum repayment period is 10 months
- The loan must be fully guaranteed by guarantors
- The member must proof repayment capability.
- Interest rates is 2.25% per month.