1. This is a Type 1 loan.
  2. This in intended for any project.
  3. Interest rate is 1% per month on reducing balance.
  4. A member qualifies for only one normal loan at any given time.
  5. Repayment period is up to a maximum of 2 years( 24 months).
  6. This loan can be refinanced to Mavuno, premium loan, and Super Saver if repayable for more than 36 months, upto 48 months.
  7. A member can qualify for other Type 2 loans while still servicing this loan.