Our Loans

Access fast, flexible, and affordable credit facilities at Boliba Savings and Credit. We offer tailor-made loans to support your personal needs and business growth.

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Personal Loan

This is a credit facility designed to meet various personal needs.   The loan can be a short term up to 6 months or a long term up to 60 months. A personal loan can be used for paying school fees, acquiring new furniture or paying for medical expenses.

Requirements:
  • Pay slips and employers confirmations needed
  • Application letter
  • Regular income earners and salary directly to customer’s account for 12 months.
  • Amount- on customer’s requirement and governed by salary level
  • Interest linked to ruling prime rate
  • Repayments- monthly and tailored according to customer’s circumstances.

Bridging Finance

Short-term facilities to Boliba customers based on employment, order, contract from various reputable sources/employers including government of Lesotho.

Requirements:
  • Application letter with order/contract
  • Amount depends on quotations of goods/services to be supplied and other related costs such as delivery and storage
  • Interest linked to prime rate
  • Payment on a contract to be in stages on agreed amount/balloon payment.

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Business Loans

A facility granted to member for business purposes.  The loan term ranges from 3 months to 36 months depending on the nature of business.

Requirements:
  • Application letter
  • Business’s financial statements
  • Interest to be linked with prime rate.
  • Repayments per agreement

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School Feeding

Loans granted to borrowers who have contracts with the Ministry of Educations to feed pupils under government’s free primary education.

Criteria:
  • Have a savings account and awarded a contract
  • Application letter
  • Amount depends on number of children allocated to a feeder.
  • Interest on daily balance and linked to prime rate.
  • Repayment: to be paid in accordance with payments received from employer to be covered with 3 installments.