LOAN DEFAULT AND GUARANTORSHIP

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Notice is hereby given to KMA Savings and Credit Co-operative Society that pursuant to KMA SACCO LTD By-law 66, the Sacco in the event of any loan account going into default:

  1. Shall list the defaulters name and transactions details with the Credit Reference Bureau (CRB)
  2. Shall initiate recovery measures through external debt collectors and/or by court order from your salary, businesses and bank account(s)
  3. Shall recover the defaulted amount from guarantors

Please be guided accordingly.

 

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