School fees support

Education Loan

A member loan for school fees and education-related costs.

Features

Product details

  1. 1Disbursed only after a valid fees structure is presented.
  2. 2Paid directly to the institution by cheque where required.
  3. 3Repayment can run up to 24 months for post-secondary education.
  4. 4Primary and secondary school loans are repaid within 12 months.
  5. 5Must be fully guaranteed.

How to apply

Simple loan procedure

  1. 01Fill in the loan application form.
  2. 02Return the form for appraisal and approval.
  3. 03Pay the loan insurance fund of 1% of the approved loan.
  4. 04Collect the cheque or wait for a bank transfer.
  5. 05Begin repayment promptly after the one-month grace period.
Member loan application

Mode of payments

Member remittance channels

Caritas Micro Finance Bank

Cardinal Otunga Plaza

1002025000001

Cooperative Bank

City Hall Annex Branch

01100092802700

M-Pesa Paybill

Paybill No. 8998990

Use account format 128258#IDNUMBER plus the product code where applicable.