pleased to inform all our valuable Loan-Clients, that your Interest(s) for the
month of April have been totally waived off and it will continue until June,
2020. The Loan repayment is deferred for 3 months. This is in line with His
Majesty’s Kidu to our borrowers to help them to go through this difficult time.
50% of the
Interest waiver was reimbursed by the Government.
free to contact your Loan-Officer in our branches if you have any questions or
if you want to check your loan-account.
The member is also encouraged to contribute voluntary amount from Nu. 50 to Nu. 3,000 per month.
Additionally up to Nu. 20,000 within the last 12 months can be saved. It is allowed to withdraw the whole amount at any time.
If sufficient funding, the withdrawal can be made on the spot from the collection available. Otherwise the member has to inform the field officer during the previous center meeting, but at least one week before the next meeting.
On voluntary member’s contribution an interest rate of 6% p.a. is credited half-yearly. In case of closing the account the interest will only be paid for the last interest calculation period.