Butare Ward B, Kyamuhunga Town council, Bushenyi District
Loan amount: UGX 50,000 to UGX 50,000,000 for individuals
Loan amount: UGX 500,000 to UGX 200,000,000 for institutions.
Interest 2.0 to 2.5% reducing balance depending on the number of share held and the repayment record.
For a member who would want a flat rate of interest accesses the loan at 2% per month BUT purchases 4% of the loan amount as shares and a compulsory saving of 10% of the loan during the agreed loan period.
Repayment frequency: Weekly, Monthly, Termly Quarterly or
Collateral security should be three times the approved amount
Grace period: 1 to 6 months.
Loan Period: 1 to 24 months