Sambaza Loan

Credit Product

  • Issued to a member with an outstanding development loan which must have been paid for at least 3 months
  • The loan runs parallel with existing loans
  • Enables members to get funds to complete projects.
  • Qualification for this type of loan is based on ability to pay and deposits held with society.
  • Repayment period is up to 48 months.
  • interest is 1.25% p.m on reducing balance.
  • Loan’s Security is members ‘deposits, guarantors or collateral.
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