As a member of a cooperative society, you are entitled to the different types of loans that a cooperative offers after saving to a stipulated period of time as it’s a fundamental cooperative practice.

The loan will be valued at twice (200%) of the cumulative contributions.

The maximum payment period for this loan type will be 6 months with an interest rate of 3% per month with no moratorium.

If a member is able to pay back the loan within the stipulated time, such member qualifies for another loan.