Loan Refinancing

Refinancing will be granted on the following based on the conditions agreed.

The member must have paid 70% of the existing loan
The member must have repaid the existing loan according to the loan agreement terms.
The member must present detailed documents of an ongoing project, activity, and/or business and a budget to justify the loan refinancing.
After refinancing, the loan security will be paid on the gross amount of the new loan applied.
The loan will have to be guaranteed afresh.
Refinancing will be done only once at any given time.