MAKER’S LOAN (MALO)

The members share capital in the Cooperative is non withdrawable unless he no longer wants to take part in the cooperative underatakings.

Product Features:
Minimum loanable amount is 85% based on total deposits.

Interest Rates is at 2% diminishing per month.

Loan Term is from 6 to 24 months maximum.
Can be paid daily, weekly, monthly & lumpsum.

Total deposits comprising the amount applied is the security for the said loan.

Share Capital retention is 3% of the loan applied.
Loan insurance shouldered by the member.

Make the most of your deposits now.
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