This  loan that allows members to use the money in their shares account

as security for a loan. The member is actually borrowing from him/her self instead of withdrawing the amount in the shares account.

Members are encouraged to take a shares loan because:

  • Dividend is paid on the shares balance annually
  • The money in the share account is insured up to 3 times the shares balance.


  • Members have access up to 100% of the amount unencumbered in their shares account
  • Interests charged on this loan is as low as 10% p.a. on the reducing balance and members are allowed up to 6 years to repay the loan

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