Personal Loan, as a type of facility, is viewed as a fast tract and easy to access one. It is meant to quickly address domestic/personal matters. It is so considered because of the exigency of the matter it is meant for.
The amount obtainable in this case shall not exceed 50% of total account balance of a member, subject to a maximum of N100, 000.00 (One hundred thousand naira only).
The loan is available only to members of the cooperative who have met all financial obligations and must have attended 75% of meeting.