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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.

c)You can only do a top-up only if you have repaid  more than one half of
the current loans.

d)Priority will be given to those ones who do not have any Chuna loans.

e)Maximum  normal loan is Kshs2,000,000.00.

f)One - third rule is to be adhered to .

g)The next school fees loan is Kshs200,000.00 repayable in the calendar
year, while the maximum regular emergency loan is Kshs50,000.00.  However
the emergency loan can be adjusted upwards if the member can prove that
the kind of emergency requires  more than Kshs50,000.00 ( i.e. by
attaching a document).

Save  more.  borrow wisely.

E.T. NABANGI
CHIEF EXECUTIVE OFFICER

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