Eligibility Criteria for Loan

• The consolidation loan will only apply to members with existing loans and will not involve paying out cash. It only consolidates existing loans into one.
• New Members on DDACC can only borrow within their savings for the first three (3) months.
• A member must have a minimum of 20% in savings calculated on the total loan amount applied for and accessed.
• This loan cannot be granted if net pay is less than 20% of applicants’ net pay after Tax & NAPSA but not less than K500.00 after deductions
• A member who has been inconsistent with monthly repayments will have to clear all outstanding balances and be consistent for at least 3 months before being able to access a new loan

Documentation

The following documents are required along with your Loan application:

• Copy of NRC or Valid ID
• Latest Copy of Pay slip
• Copy of Valid Contract of Employment
• Organization Clearance Form
• Copy of Mandate Form (for General Members)
• Bank Statement (for General Members in Active Business)
• ZRA Tax Certificate (for General Members in Active Business)
• Cash flow projections (for General Members in Active Business)

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• Loan Application Form

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