Contract Loans

You have been awarded a contract by government or private sector organisation and need some funds to mobilize, start and or help with the implementation of the project? Need to get materials and pay wages before you receive your tranche from client? We offer contract loans to members for these purposes.

Come in or apply online for such a loan using our downloadable or online forms on our website in our "Forms" section.

Requirements:

• Available Shares as Security

• Signed Contract detailing work order and payments.

• Signed Commitment Letter by relevant Government agency/private company agreeing to make all payments due to the contractor, payable to the credit union

• Contractor's All Risks Insurance (where necessary)

• Salary Slips (where necessary)

• If Self-employed,  evidence of income (bank statements, income and expenditure statements, etc)

• Other forms of collateral (where necessary)