School fees loan

This loan product is designed to help those clients with small loan or small business loans pay school fees for their children in primary, secondary and college. The clients should have completed at least two consecutive cycles without any issues in the loan repayment.

Key Features

Member Admission fees

Not applicable

Loan Processing Fees


Frequency of meeting

Not applicable

Cash Collateral against principal loan

Not applicable

Interest of savings

Not applicable

Type of loan product

School fee loan for client’s children

Loan size (1st cycle)

Maximum KSH10,000

Loan duration

4 Months

Loan increment each cycle

Not Applicable

Service charge/Interest Rate


Mode of repayment


1st installment

After one Month

Number of installment

4 Monthly installments for 4 months


4 monthly installment

Loan insurance/risk premium


Risk cover

LOP will be written-off in case of borrower death

Advance installment

One last installment