Borrowing Policy

Our Borrowing Policy ensures that members have fair and transparent access to funds from the Savings Pot.

Borrow responsibly, grow collectively." 

Key Rules :

• Borrowing allowed only from available Savings Pot.

• Interest Rates: 2% for Members, 3% for Non-members.

• Borrowers must inform to Treasurer before beginning of the month.

• Borrowing renewal needed every month.

• Financial Year: June to May.

• No new borrowing allowed until old dues are cleared.