FOSA Products

Eligibility: Active FOSA members with a minimum deposit of Kshs. 20,000. Loan Amount: Kshs. 2,000 to Kshs. 10,000. Repayment Period: 1 month. Interest Rate: 10% upfront. Penalty: 5% of the principal in case of default.

Requirements • Applicable to Account holders only. • Instant access to cash on banked cheque from a reputable Company at a nominal fee. • Low clearance charges.

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.

Eligibility Salary processed through FOSA Active account for two months. One off product for new members 1.08% interest rate per month 17% interest rate per annum 3 times of net pay Maximum of 200,000/= mode of payment checkoff and recovery period 12 months At least 3 qualified guarantors Karibu advance loanee cannot guarantee karibu advance […]

An amount advanced to a member to solve a rising emergency recoverable end month. Eligibility 75% of net salary 10% interest rate per month Over the counter instant processing Mode of payment – cash/Msacco

An amount advanced to a member and recovered in three months. Eligibility 50% of net salary times three(x3) Maximum of 60,000/= 4% Interest per month Mode of repayment-check off/Msacco Same day processing One should not have 1 month advance.

An amount advanced to a member and recovered in Six months. Eligibility 50% of net salary times six (×6) Maximum of 100,000/= 4% interest per month Mode of repayment-check off/Msacco Same day processing One should not have 1 month advance

An amount advanced to a member and recovered in twelve months. Eligibility 50% of net salary times twelve (×12) Maximum of kshs 150,000/= 16% interest per annum Mode of repayment-check off/Msacco Same day processing One should not have 1 (one) month advance.