EDUCATION LOANS

Tuition fees loans will be granted to a member even though he/she has an outstanding loan on the following conditions

  - The total of all outstanding loans, including school fees, must never exceed three times a member's shares.

  - Only one school fees loan will be granted in one calendar year. Please also note that recoveries for this category of loans will be made in full within the calendar year in which they are advanced. In view of this therefore, members are encouraged to plan ahead whenever possible and apply for school fees loans preferably at the beginning of the school year. School fee cheques shall be issued in the name of the recipient school


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