Salary Advance

An amount advanced to a member before salary for the month is earned.

Eligibility

  • Salary processed through FOSA
  • Members qualify for 1/2 of Net Salary
  • interest 5%
  • Recovered when salary  is received
  • Same day processing
  • A duly signed letter instructing non-withdrawal of the SACCO pay-point
  • Prompt salary payment
  • Guarantors- 2 active account holders.

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