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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