- When a member delays in payment of the M-Pawa loans, the balance is recovered from their alpha deposits and their status marked as defaulter.
- For reinstatement, the member must put back the amount that was recovered from the Alpha Deposits before Member Changes are done to reactivate the account.
- If some days had passed after the last due date of payment, then. the system will lock out the member from borrowing until the delayed days are over, to serve as a penalty for late repayment.
Mpawa Insurance Agency is fully owned by Stima DT Sacco Society Limited. The Agency was licensed under the Insurance Act on 20th May 2019 and offers all classes
of insurance, both life and non-life including medical products.