Like the normal loan, this is another back office product that was developed mainly to cater for emergencies like vehicle breakdown that may require a considerable amount of money to put it back on the road. Unlike the normal loan, however, this product has no multiplier and depends on the member’s deposits at the time of requiring the loan.
It has become popular among members who have often been bailed out of being edged out of business by such breakdowns.
This product, owing to the purpose of its coinage is processed immediately for qualifying members, but has a ceiling of two hundred thousand Kenya shillings. The product is secured by guarantee from qualified members.