Baraka Union is Credit Union, set up to help the members to both save and borrow money.

Baraka Union offers savings facility and interest free loans to suit all needs.

The Baraka Union model works by encouraging our members to save upfront.

When a member wishes to take out a loan, they continue to pay a similar level of instalments throughout the loan repayment.

This spreads the cost of any loan over a number of years. As a cooperative, savings from our members will cover the loans to our members.

Barak Union loans can be offered to members for education, marriage, purchasing of goods and services or for any unexpected costs.

All loans are subject to affordability checks and guarantor arrangements.

Baraka Union is Credit Union, set up to help the members to both save and borrow money.

Baraka Union offers savings facility and interest free loans to suit all needs.

The Baraka Union model works by encouraging our members to save upfront.

When a member wishes to take out a loan, they continue to pay a similar level of instalments throughout the loan repayment.

This spreads the cost of any loan over a number of years. As a cooperative, savings from our members will cover the loans to our members.

Barak Union loans can be offered to members for education, marriage, purchasing of goods and services or for any unexpected costs.

All loans are subject to affordability checks and guarantor arrangements.