TISA loans are easy and flexibly designed for our member’s financial needs. The loans are for individual needs, with competitive interest rates.
- Minimum loan amount of K200 to maximum of K100,000.
- Interest Rate of 1% per month.
- Loan repayment through salary deduction.
- Term of Loan depends on the purpose of the loan (Refer to table)
Maximum Personal Loan
The minimum personal loan to be granted at any given time to member is K200.
Minimum Savings Contribution
The minimum savings cntribution per fortnight for each member is K20.
Additional loans can be given to member if loan is fully secured by aggregate savings of the member. Those who apply for 1:2 loans need to offset outstanding balance to be eligible for a 1:2 loan.
All loan repayment will depend on the purpose of the loan. Refer to the current approved purpose of obtaining Tisa Loan.
All following are approved purpose of obtaining loans.
|1||Airfares/Holiday expenses||1:2||1 year|
|2||Airfares for medical expenses||1:2||1 year|
|4||Building Material||1:2||3 years|
|5||Debt Consolidation||1:2||1 year|
|6||Educational Expenses||1:2||3 years|
|7||Household Chattels||1:2||3 year|
|8||Household Electrical Goods Purchase||1:2||3 year|
|9||Household Electrical Goods Repair||1:1||1 year|
|10||Housing Construction (On State Land)||1:2||3 years|
|11||Housing Construction (On Customary Land)||1:1||3 years|
|13||Laborers Pay||1:1||1 year|
|14||Land Purchase (State Land)||1:2||3 years|
|15||Land Purchase (Customary Land)||1:1||3 years|
|16||Legal Fees/Court Fines||1:2||1 year|
|17||Medical/Funeral Expenses||1:2||1 year|
|18||Contributions to Funeral||1:1||1 year|
|19||Motor Vehicle Purchase||1:2||3 years|
|20||Motor Vehicle registration/Insurance||1:2||1 year|
|21||Motor Vehicle Repair||1:1||1 year|
|22||Outboard Motor & Dinghy Purchase||1:2||3 years|
|23||Outboard Motor & Dinghy Repair||1:1||1 year|
|24||Bride Price/Wedding Expenses||1:1||1 year|
|25||Contributions to Bride Price||1:1||1 year|
|26||Personal Cash||1:1||1 year|
|27||Sewing Machine||1:2||1 year|
|28||Trade Store Goods||1:2||3 years|
|30||Solar Lighting Project||1:2||5 years|