Edon Sacco

Mobile App to Allow Members of Edon SACCO to access Sacco Service including Saving and Borrowing

App allows users to access various loan products for different financial needs.
Loans products have different interest with the maximum rate of 15% per Annum.
Loan period range from 3 to 72 Months.
A sample Loan repayment plan for a loan of 100,000 as the principal amount is provided below with an Annual Interest rate of 12% to be repaid over a period of 10 Months.

Repayment Plan
Month No Installment Principal Balance
1 11000 100000
2 11000 90000
3 11000 80000
4 11000 70000
5 11000 60000
6 11000 50000
7 11000 40000
8 11000 30000
9 11000 20000
10 11000 10000