APPLICATIONS OF CHUNA NORMAL LOANS - VERIFICATION OF PAYSLIPS

On behalf of the Board of Directors, I would like to inform chuna members
that any application for normal loan must be accompanied by a recent
payslip which has been verified by the University of Nairobi - Salaries
Section to be a true copy of the original.

E.T. NABANGI
CHIEF EXECUTIVE OFFICER
CHUNA SACCO LTD

CHUNA SACCO LIMITED NORMAL LOANS

There is a huge demand of normal loans due to:-
1.People no longer go to the bank for loans due to high interest.
2.People who went to bank for loans are now coming to CHUNA so that the
society can help them clear off  bank  loans.

Members are requested to stick to the loan policy i.e.

a)When you have taken one loan, repay that loan for atleast 3 months
before coming for another one.

b)Boosting of shares is not allowed.

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Chuna Savings and Credit Co-operative Society Limited was registered on 24th March 1976 to serve the employees of the Unversity of Nairobi.  The sole objective of forming the society was to provide members with an opportunity to save and borrow.  The society has its offices at The University of Nairobi, Main Campus.  The initial membership was 141 in the year 1976.  Membership continued to grow hitting 6000 until it was drastically reduced to 4000 in 2001 due to retrenchment of University of Nairobi employees.  So far the membership has risen to 4592 (AGM

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