BOSA PRODUCTS

Credit given to facilitate members for development purpose.

Eligibility

• 3 times member’s deposit
• 6 months membership
• At least 3 Qualified Guarantors
• Offsetting interest of 5% on outstanding loan balance
• mode of charging interest – Amortization
• loan Processing fee 0.75% of approved amount
• Mode of repayment by checkoff, MSACCO, Bank Account, Standing Order, Cash

• MINIMUM DEPOSIT CONTRIBUTIONS AS PER LOAN APPROVED.
• 0-200,000 Ksh > Kshs.3,600
• 200,001 – 500,000Ksh > Ksh.3,800
• 500,001 – 750,000Ksh > Ksh.4,000
• 750,001 – 1,000,000Ksh > Ksh.5,000
• 1,000,001 – & AboveKsh >Ksh.6,000
• LOAN INSURANCE PREMIUM; 1% OF  AMOUNT APPROVED ONE OFF PAYMENT