BOSA PRODUCTS

Credit given to facilitate members for development purpose.

Eligibility

• Eligibility
  • 6 months membership
  • Minimum deposit – kshs.10,000/=
  • Ability to pay subject to 1/3 rule.
  • Mode of charging interest-Amortization
  • Offsetting interest of 5% on outstanding loan balance
  • At least 3 qualified guarantors
  • 3 times members’ deposits

a) JIINUE LOAN

Credit given to facilitate repayment of all outstanding loan balances for normal loan application registration.

Eligibility

• Repayment period 60 months (5 years.)
• 1.33% interest rate per month
• Qualified guarantors.
• Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75%
• Processed within 1 month

b)  ZAWADI LOAN

Enable members qualify for additional funds to complete the intended project without recovering other outstanding loans/advances.

Eligibility

• Repayment period 48 months (4 years.)
• 1.33% interest rate per month
• Qualified guarantors.
• Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75%
• Processed within 1 month

c) JIBEBE LOAN

• Repayment period 48 months (4 years.)
• 1.25% interest rate per month
• Qualified guarantors.
• Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75%
• Processed within 1 month

d) NAWIRI LOAN

• Repayment period 36 months (3 years.)
• 1.16% interest rate per month
• Qualified guarantors.
• Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75%
• Processed within 1 month

e) EMERGENCY LOANS

a) Medical Bills and Expenses-code 5110

Eligibility

• 3 times member’s deposit
• Qualified guarantors
• 1% interest rate per month
• Same day processing when all the qualifications are met.
• Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75%

b) Maternity Bills and Expenses-code 5120

Eligibility

• 3 times member’s deposit
• Qualified guarantors
• 1% interest rate per month
• Same day processing when all the qualifications are met.
• Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75%

e) SCHOOL FEES LOAN

Eligibility

• Qualified Guarantors
• 1.16% interest rate per month
• Repayment one calendar year
• Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75%
• same day processing

d) COLLEGE LOAN

Eligibility

• Qualified Guarantors
• 1.16% interest rate per month
• Repayment 12 months for college fees.
• Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75%
• same day processing