The Emergency Loan is designed to provide quick access to funds for urgent financial
needs. With fast approval and convenient repayment terms, this loan helps KCCA staff
members handle unexpected expenses and financial emergencies with confidence.
Features
- Eligible after 3 months of membership with the Cooperative
- Requires 2 guarantors in good standing (members who have met all financial obligations)
- Repayment installment must be within 50% of the member’s net pay
- Monthly repayments are deducted from the member’s salary
- Repayment period is 3 months
- Interest rate is 16% per annum
- Loan insurance fee: 1% of the approved loan amount
- Loan processing fee: UGX 20,000
Benefits
- Fast approval for urgent financial needs
- Convenient salary deduction for repayments
- Quick processing for emergency situations
- Short repayment period of only 3 months
- Accessible after just 3 months of membership
- Professional loan management and support
- Helps handle unexpected expenses with confidence
Requirements
- Must be a KCCA staff member for at least 3 months
- Valid national ID or passport
- Completed emergency loan application form
- Two guarantors who are cooperative members in good standing
- Salary slip or employment letter
- Proof of emergency or urgent need
- Guarantors' consent forms and identification