FOSA LOANS

Fosa1

General eligibility requirements

    1. Salary must be channeled through the Fosa
    2. Payslip ability. 
    3. Offset charge of 5% will be charged to clear loans.
    4. Must be a member

Mobile Loans

    1. The Salary MUST pass through FOSA at least 3 times
    2. The System will pick the least salary for the three months

WEEKEND NJEMA
SALARY ADVANCE
FOSA EMERGENCY
FOSA OKOA
FOSA MAKAO
STEPPA LOAN
KENPIPE ADVANCE
VUKA ADVANCE

This loan enables a member apply for a salary advance by use of the mobile banking service, MSACCO.

Features:

  1. The product can be applied anytime and a member is limited to one advance at a time.
  2. No top up is allowed.
  3. Maximum amount Ksh 10,000.
  4. Interest rate is 10% upfront.
  5. The product is repayable in one month.

 

Features;

  1. Interest rate on loan is 10% upfront.
  2. Repayable within one month.

 

Features

  1. Loan must be fully guaranteed by 3 guarantors.
  2. Repayment period shall be up to 12 months.
  3. Interest rate on loan is 14% per year on reducing balance.
  4. Maximum loan is Ksh 300,000.

Features;

  1. Maximum loan limit is Ksh. 1,000,000.
  2. Loan repayment period is 36 months.
  3. Interest on loan is 14% per year reducing balance.
  4. Should have at least 5 guarantors.

Features

  1. Loan must be fully guaranteed by 10 guarantors.
  2. Repayment period shall be up to 60 months.
  3. Interest rate on loan is 14% per year on reducing balance.
  4. Maximum loan is Ksh 2,000,000.

Features

  1. Salary MUST be processed through FOSA.
  2. Member MUST have deposits and in compliance with monthly minimum contribution of Kes 5,000
  3. The product will charge an upfront processing charge of 10% and attract interest at normal Fosa Rate of 14% on outstanding amounts.

Features

  1. Loan must be fully guaranteed by 3 guarantors.
  2. Repayment period shall be up to 12 months.
  3. The product will charge an upfront processing charge of 10% and attract interest at normal Fosa Rate of 10% on outstanding amounts.
  4. Top-up will be allowed at 10% commission

Features

  1. Loan must be fully guaranteed by 3 guarantors.
  2. The product will charge an upfront interest rate of 10% .
  3. Interest rate on loan is 1.25 per month on reducing balance.
  4. Repayable is within 6 months

QUICK LINKS

MOBILE MENU