This a mobile phone loan issued by the Sacco to her members.

Eligibility

• One must be a Sacco member who has finished at least two months. 
• Advance is issued via mobile phone (M-PESA)
• Advance issued should be within a member’s deposits 
• Maximum amount for this product is KES 15,000
• Repayment period is 3 months (90 days)
• Interest rate is 5% per month.
• Maximum interest chargeable for the product is 10% where the advance remains unpaid for more than 30 days.
• Advances unpaid for 90 days will be recovered from a member’s deposits and the member will be required to reinstate the amount deducted from deposits to access the product – even any other loan (System flag the a/c).
• In the event of repeated default member will be denied access to the product.