For this loan type, the borrowing is fully secured by a member’s savings.
Under this ratio, a member can only borrow up to the current savings balance that he/ she has.
1:1 Lending Ratio
Example: If you have K1,000.00 in your savings account, you can borrow a maximum of K1,000.00.
Requirements when applying
- Completed application form signed by member and endorsed by employer;
- 3 recent pay slips;
- Bank statement (if first time applicant or new bank account);
- Copy of identification card (if first time applicant).
Service turnaround time for processing 1:1 application is 24 hours excluding weekends and public holidays.