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| GENERAL
GUIDELINES |
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- A new member may begin
to loan once he has contributed for three
(3) months.
- The maximum amount per
loan is set per level by the Board of
Directors. Loans require approval of the
Board of Directors.
- A co-maker is required
if the loan amount applied for, or the
oustanding balance of a borrower's existing
loans, is more than his total Capital
Contribution.
- Pre-termination of a
loan is allowed provided seventy (70%)
of the loan has been paid.
- Past due loans are subject
to penalty charges.
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| Log in to manage all of
your SMSLA accounts. |
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