Short description of updating a credit line account in Umwalimu Sacco

Answer 1

To update a credit line account in Umwalimu Sacco, members can visit their nearest branch or contact the Sacco through their customer service channels. They will need to provide relevant documents and information to support their request for a credit line increase, such as updated income statements or proof of additional collateral. The Sacco will review the request and make a decision based on the member's financial standing and repayment history. If approved, the credit line account will be updated with the new limit, allowing the member to access additional funds as needed.