The standard procedure that is applicable for all types of loans will apply.
Yes. CareCoop has taken this into account and the following are the loan amounts that should be made to cater for all the fees involved:
Note that CareCoop currently only gives loans up to K500,000. Therefore, if a member wants to acquire this type of land, they will have to pay the difference from other sources. Note also, that the K500, 000 will be made of a combination of loan products as the CareCoop Land Loan has a limit of K250,000
The following are applicable:
The following steps are applicable:
Members are at liberty to acquire as much land as they can. There is no limitation.
Members are at liberty to acquire as much land as they can. There is no limitation
The title deed for the land purchased will be used as the security or collateral for the loan. Therefore, members who borrow this type of loan will not be required to bring additional collateral
The CareCoop land loan is priced at 1% For a tenure of up to 36 months (T&Cs apply depending on one’s debt service ratio etc)
You can download the Loan application via CareCoop website (www.carecoop.org) and select CareCoop Land Loan
Land is on title and separate titles are available for each piece of land.
You can contact 0979-808195 to arrange for site viewing between Sunday- Friday 08:00 to 16:00 hours
Located at Rephidim Estate in Lusaka West, Kasupe area off Kasupe Road, branching off Mungwi Road; Note: Rephidim Institute is also found on Google map
A shareholder is disqualified from holding shares by;
CareCoop shares shall and may not be used as security for any debt exposure of the Shareholder.
CareCoop’s Share Value/Price is determined from time to time based on the Net Asset Value i. e the share value is determined by the assets held by CareCoop at the time of valuation.