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.