... Generally members may apply for a loan three months after opening an account, and making regular savings throughout that time.
... Only members over the age of 18 are eligible to borrow.
... An applicant should complete a simple application form and submit the form with proof of income and expenditure to a worker at any of the offices or collection points, to be passed on to the loan committee for a decision.
... Small loans of £500 or under may be agreed within a day; larger loans up to a maximum of 10 days.
... Loan applications are assessed on the basis of criteria that include regularity of savings, value of savings, length of membership, previous loan repayment, and ability to repay.
... The loan committee is elected by the membership at the AGM and its decisions cannot be overturned. However an applicant can ask for the reason for a refusal and submit a fresh application.