FOSA LOANS


Fosa1

General eligibility requirements

    1. Salary must be channeled through the Fosa
    2. 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:

  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. 500,000.
  2. Loan repayment period is 24 months.
  3. Interest on loan is 14% per year reducing balance.
  4. Should have at least 5 guarantors.