Below are the requirements
- The loan client has to be a member of BFS.
- These loans are offered at 2.5% per month calculated on reducing balance method.
- Payable in a period not exceeding 24 months.
- Happy family loans particularly (beds, chairs, blankets, cupboards, bed sheets and bedcovers) are payable in a period not exceeding 6 months and the maximum amount is Shs.1,000,000. The Interest rate for this category is 2% per month calculated on reducing balance.
- Biogas loans are offered at 1% interest rate per month calculated on reducing balance.
- Solar loans are offered at 1.5% interest rate per month calculated on reducing balance.
- The institution has got prequalified specialists contracted for the construction of water tanks at a cheaper cost.