Cooperative savings & contributions
Structured member contributions recorded transparently.
Financial services
Structured cooperative finance for members
IMSSM provides cooperative financial services designed to support savings discipline, enterprise growth and responsible access to credit.
Loan opportunities
Financing opportunities for members, subject to eligibility and approval.
Loan application
A clear, documented application process for eligible members.
Repayment management
Organised repayment schedules and member statements.
Financial education
Guidance on budgeting, records, pricing and responsible borrowing.
Digital financial services
Mobile-first access to member financial information.
Financial facilities are subject to eligibility, approval, applicable terms and available funding.
Loan terms
How IMSSM loans work
Every figure below is applied by the system itself, so what you are told is what you are charged.
- Interest rate
- 1.5% per month on the reducing balance. Interest is charged only on what you still owe, so it falls with every repayment.
- Eligibility
- Under current IMSSM policy, a member may become eligible to apply about one month (30 days) after membership verification. Eligibility to apply is not approval: every request is assessed on savings and activity, repayment history, loan capacity, guarantor requirements and other conditions. This waiting period is set by IMSSM and can be reviewed.
- Repayment period
- Up to 24 months, agreed at approval. You see the full instalment schedule before any money is released.
- Guarantor & consent
- A guarantor is required, and you sign a loan agreement and recovery consent. IMSSM does not operate automatic deductions on your bank accounts.
Business training may be recommended for larger facilities. Loan terms are set by IMSSM and may be reviewed; members are notified before any change takes effect.
Member financial services are managed in the member area
Registered members sign in to view their cooperative information. Detailed contribution and loan management is being rolled out in stages.