Strength of Shares Loans

A Strength of Shares Loan is a loan fully secured by withdrawable (callable) shares. This type of loan is granted for productive and provident purposes and includes personal, domestic and travel.

Terms and Conditions

• You must be a member for at least one (1) month.
• You must have withdrawable shares equivalent to the loan amount plus one (1) month’s interest.
• You must be gainfully employed and be able to provide evidence of employment.
• Interest is calculated monthly on the reducing balance at a rate of 0.9%. Per month.
• The repayment period is based on the amount granted and the member’s capacity to repay.