Timiza Loan

This is a development loan advanced to members to purchase land, do property repairs in existing buildings etc.

Features of Timiza Loan

  • Maximum amount should not exceed (3) times members total deposits.
  • Maximum amount is 14 million
  • Maximum repayment period is 48 months
  • The loan must be fully secured by Guarantors and/or title deed.
  • Interest rates 1.125% per month on reducing balance.

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