Eligibility Criteria for Loan

• A member is eligible for this loan after saving with CareCoop for One (1) month. This will be within a member’s savings for the first Three (3) months
• New Members on DDACC can only borrow within their savings for the first three (3) months.
• A member must have a minimum of 20% in savings calculated on the total loan amount applied for and accessed.
• This loan cannot be granted if net pay is less than 20% of applicants’ net pay after Tax & NAPSA but not less than K500.00 after deductions
• A member who has missed any monthly repayments on a running loan or savings contribution will have to clear all outstanding loan arrears and make consistent repayments and/or contributions for at least 3 months for members under payroll and 6 months for General members before being allowed to access a new loan.

Documentation

The following documents are required along with your Loan application:

• Copy of NRC or Valid ID
• Latest Copy of Pay slip
• Copy of Valid Contract of Employment
• Organization Clearance Form
• Copy of Mandate Form (for General Members)
• Bank Statement (for General Members in Active Business)
• ZRA Tax Certificate (for General Members in Active Business)
• Cash flow projections (for General Members in Active Business)

Download Loan Forms

Get started on your next investment!

• Loan Application Form