1. This is a Type 2 loan.
  2. Emergency loans are intended for any unforeseen circumstances.
  3. Interest rate shall be 1 % per month on reducing balance.
  4. Repayment period up to a maximum of 6 months.
  5. A member qualifies for only one emergency loan at any given time.
  6. The loan is disbursed within 24-hours.
  7. This loan can be refinanced.