General eligibility requirements
- Salary must be channeled through the Fosa
- Payslip ability.
WEEKEND NJEMA
SALARY ADVANCE
FOSA EMERGENCY
FOSA OKOA
This loan enables a member apply for a salary advance by use of the mobile banking service, MSACCO.
Features:
- The product can be applied anytime and a member is limited to one advance at a time.
- No top up is allowed.
- Maximum amount Ksh 10,000.
- Interest rate is 10% upfront.
- The product is repayable in one month.
Features;
- Interest rate on loan is 10% upfront.
- Repayable within one month.
Features
- Loan must be fully guaranteed by 3 guarantors.
- Repayment period shall be up to 12 months.
- Interest rate on loan is 14% per year on reducing balance.
- Maximum loan is Ksh 300,000.
Features;
- Maximum loan limit is Ksh. 500,000.
- Loan repayment period is 24 months.
- Interest on loan is 14% per year reducing balance.
- Should have at least 5 guarantors.