Loans and Credit Services
With the implementation of a New Credit Management Policy and Strategic Business Plan, CAWECU is committed to offering Loans and Credit Services that serve three main objectives:
- To assist in achieving financial viability in the overall operations of CAWECU
- To improve the quality of service provided to the membership
- To strengthen the asset base of CAWECU by increasing its loan portfolio and cash holdings Assets.
All Members are eligible to apply for a Loan or Credit Service : The rate of interest on ALL Loans to members shall vary between 1% and 2% on the reducing balance according to the nature of the Loan.
Exceptions:
- Loans for educational purposes, where the rate of interest shall be set between 0.75% and 0.9%.
- Loans for special customized needs, where a fixed annual rate, not exceeding 5% would be applied.
See Below a list of Loans and Credit Services Available to our Members