Member Loans
Member loans are a credit facility given to members who have been members of AHL Sacco for a period of not less than 1 month.
All AHL Sacco loans are payroll based.
Types of loans
1. ORDINARY LOAN
The maximum amount granted to members at any point in time is up to 200% of member’s shares. It is deductible over a maximum period of 36 months.
2. I.G.A. LOAN
This Income Generating Activities (IGA) loan is granted to members based on capacity to repay. It is deductible over a maximum period of twelve months.
3. SCHOOL FEES LOAN
This is granted to members based on capacity to repay. It is deductible over a maximum period of three months.
4. MATERIAL LOAN
This is granted to members based on capacity to repay. This enables a member to purchase item(s) directly from a supplier. This facility is payroll-based and is deductible over a maximum period of 9 months
5. TAKULANDIRANI LOAN
This loan is granted to new members upon joining the Sacco. It is deductible over a maximum period of 3 months.