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Conditions
- PP-Pesa/M-Cash is a mobile solution that enables our members to transact through their mobile phones at the comfort of their workplaces/homes
- The loan product targets active PPSACCO members only
- Loan security is members own deposit and calculated as a percentage of the free deposits
- Member MUST repay the loaned amounts on time to qualify for higher limits
- Member MUST register by filling in a registration form and submitting to the SACCO for processing
- Member MUST have a registered Safaricom (M-Pesa) line as Loan is disbursed through M-PESA
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Repayment Period
- 2 months
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Maximum Loan Amount
- 70,000/= Irrevocable standing order
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Interest Rate
- 5% one off interest deducted upfront
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