Unless the loan applied for is equal to or less than a members share and deposit, he must be

1. Secured by guarantors.

2. The total shares of the borrower and those of guarantors must be equal to or more than the loan applied for.

3. No member will be allowed to guarantee more than five loans. All guarantors must be member of the society.

4. If a member has a loan that has been guaranteed by a member who is withdrawing from membership he/she is supposed to get another guarantor to replace the outgoing one failure to which the existing guarantors’ deposit /shares will not be released by the society.