Applying for a loan

Check how much you can borrow, apply, ask guarantors and follow your application.

1. Open Loans and choose Apply for a loan.
2. Pick a loan product. You'll see the interest, the term and how much you can borrow based on your savings and your group's rules.
3. Enter the amount and the period. The app shows your repayment schedule before you apply.
4. If the product needs guarantors, choose the members you've asked. Each receives a request to accept or decline.
5. Submit. Your officials review the application and approve it in the app.

Once approved, the loan is paid to you and its schedule appears under Loans. Repay by M-PESA as you would a contribution, choosing the loan.

Being a guarantor

When a member asks you to guarantee a loan, you'll see the request under Loans. Accept only if you're willing to cover the loan if they can't repay it.