Pay Day Loans
Short-term, high-interest loans that are typically repaid on the borrower's next payday.
- Tenor:Within a month of borrowing –pay day
- Target pop:Clients in formal employment
- Maximum Amount:K5, 000
- Application fees: 3.5% of loan amount (Insurance inclusive)
- Security:
- GRZ Employees –Pay slip–PMEC
- Employees from Reputable Organizations for which we have an MOU -Pay slip
- Employees from institutions not included in (1) and (2) above–Collateral
