Currently, individual joining is not available but only through organisations we have signed Memorandum of understating (MOU) with, this is to enable the cooperative control flow of funds and risks mitigation.
They are many benefits to benefit from including interest on savings and the equity which grows over time. ultimately lesa is a safe Investment haven here to safeguard your future financial needs.
This is because shares are revalued from time to time. Shares form membership while savings qualifies a member to borrow.
Currently the system does not support automated statements despatch and are thus sent upon Request. However, it is a work in progress. Soon members will be able to login to their accounts via login option from the website and access various services.
It's to maintain Liquidity.
Depending on the type of loan application, Emergency and Express are issue on Tuesday and Friday on working days whereas Development is disbursed on the date of PP(Pay Periods).
Collateral is demanded to mitigate risks associated with members who are out of employment but wish to continue accessing lesa loans. Therefore, members are encouraged to save more so that in an event they cannot offer collateral, they can borrow within their savings.
Members can access application forms through the download section on the website. If the download fails or takes long to download, members can request for the forms via email.
Our aim is to ensure funds a disbursed within the stipulated time frames, however there are bottlenecks which sometimes impede on this such as incomplete applications documents, errors with provided information. We therefore encourage members to ensure all documents a counter checked upon submission.
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