Msalaba 56 Congo Boda Transport Co-Operative Society

10/01/2026

M56CB TCS LTD LOAN TERMS AND CONDITIONS

1. Loan Amount – The loan amount will be disbursed to the member’s account after approval.- The loan amount will be subject to the Society’s lending policies and available funds.

2. Interest Rate – The interest rate will be 10% per annum, calculated on the outstanding loan balance.- Interest will be compounded per annum.

3. Repayment Terms – The loan will be repaid in [Society member account number] equal installments of Ksh [— amount].- Repayments will be made [frequency, e.g., daily, weekly or monthly].- The first repayment will be due [next date after receiving loan].

4. Security – The loan will be secured by [Your savings, guarantor savings, collateral].- The Society reserves the right to demand additional security if necessary.

5. Default – If the member defaults on repayment, the Society will charge a penalty of 20% per annum on the outstanding balance.- The Society may take legal action to recover the outstanding amount.

6. Prepayment – The member may prepay the loan in full or in part at any time.- A prepayment penalty of 8% of the prepaid amount will apply.

7. Guarantor – The guarantor will be liable for the loan amount in case of default by the member.- The guarantor must meet the Society’s eligibility criteria.

8. Insurance – The member may be required to take out insurance cover for the loan amount.- The insurance premium will be paid by the member.

9. Dispute Resolution – Any disputes arising from the loan will be resolved through the Society’s dispute resolution process.

10. Amendments – The Society reserves the right to amend these terms and conditions at any time.

Do you acknowledge and agreed with loan terms and conditions, and you want to apply for loan?.

LOAN APPLICATION FORM Submit We’re a society of Bodaboda operators, come together so that we can save and be able to improve our future KNOW MORE!!! Contact Msalaba 56 Congo Boda Transport Co-Opera…

09/02/2024

NOTICE!!!

REMINDER FOR M56CB TCS LTD Management committee meeting.

Please note that you are supposed to attend today's 9th of February 2024 leaders meeting, which will be held at Y.N.J FELLOWSHIP, From 7.30pm to 8.45pm.

Agenda of the day

REPLY FROM COOPERATIVE OFFICE CONCERNING OUR PREVIOUS SPECIAL GENERAL MEETING.

Kindly confirm if you will attend today's meeting.

Yours sincerely
Stephen Wandera
Chairperson.

31/01/2024

Hi guys

01/09/2023

Thanks so much Mama D**o for your reflector donation to Msalaba 56 Congo Boda Transport Co-Operative Society Ltd.
May the Almighty God bless you, in Jesus Mighty Name. Amen.

19/05/2023

https://www.facebook.com/100064379394530/posts/621865196636121/?mibextid=rS40aB7S9Ucbxw6v

Good evening fellow Members, This is to notify you that we will be having Special General Meeting for Msalaba 56 Congo Boda Transport Co-Operative Society LTD. Meeting will be held on Sunday 04th J…

12/08/2022

Good evening team *M56CB TCS*
I hope, you are doing good by the grace of The Almighty God.

18/07/2022

https://youtube.com/watch?v=YpUlDYbMwFM&feature=share

Msalaba 56 Congo Boda Transport Co-Operative Society Launching Occasion, held on 16th July 2022 by Hon. BeatriceElachi @ BoraBora annex.

17/07/2022

Launching Occasion, of Msalaba 56 Congo Boda Transport Co-Operative Society, held on 16th July 2022 at BoraBora annex, By Hon. Beatrice Elachi.

10/07/2022

Thank to everyone who has already contributed Ksh150/= towards our launching occasion, which will be held on 16th July 2022 at BoraBora ANNEX.
If you have not contributed, please pay Ksh 150/= to till number 122706
And don't miss to attend that launching, we will meet at Y.N.J FELLOWSHIP ⛪ From there, we will move to launching venue.