Appraisal Factor

 
i. Capacity: The ability of the borrower to repay the loan with interest thereon. For each loan appraisal, the Book-keeper shall consider whether at least 45% of the borrower’s monthly salary can service the loan and the loan application appended with his signature.
ii. Character: This refers to the borrower’s established reputation in the community. SACCO shall seek to deal with honest people who are dependable. The applicant’s integrity and honesty shall be investigated.