Okoa Loan

Okoa Loans serve as an emergency loan solution valid for one month, with a maximum repayment period of a month. The loan amount is capped at 20% of a member’s shares. Members with an existing loan can apply for an Okoa loan, provided they have maintained consistent repayments for at least six months, adhering to the maximum allowable loan limit. An Okoa loan carries a 10% interest rate.