Loans Personal

TISA Personal  Loans

TISA loans are easy and flexibly designed for our member’s financial needs. The loans are for individual needs, with competitive interest rates.

General Features

  • 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

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.

Loan Repayment

All loan repayment will depend on the purpose of the loan. Refer to the current approved purpose of obtaining Tisa Loan.

Purpose

All following are approved purpose of obtaining loans.

Code Purpose Ratio Term
1 Airfares/Holiday expenses 1:2 1 year
2 Airfares for medical expenses 1:2 1 year
3 Agriculture 1:2 3 years
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
12 Investments 1:2 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

Application Forms