Karibu Advance

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 loan application
  • To qualify for another loan, one has to clear the outstanding balance or authorize recovery of the same.