Emergency Loans

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Emergency Loans

Repayment frequency: Weekly, Monthly, Termly Quarterly or

Bi-annually.

Loan Period: 1 to 24 months for Land and construction/renovations

1-12 months for Home Assets

Interest rate 2.0% to 2.5% reducing balance

Loan amount: UGX50,000 to UGX 30,000,000 for Land Acquisition/Construction/Renovations

Loan amount: UGX50,000 to UGX 10,000,000 for Home Assets

Client contribution not less than 30% towards the loan purpose.

No Grace period

Payment to supplier of asset purchases Construction/renovations to be disbursed on member’s account

Collateral security should be three times the approved amount