Loan Products
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Dividend Advances
Loan Product Dividend Advances Dividend Advances Available for all members with matured deposit. Issued before dividend payout, based on projected dividends, Advance repayment 30- 60 days. Maximum of 70% of projected Dividend income. Interest rate is 5% for the entire period. Requirement Dully filled advance application form. Apply Other Loan Products Dividend Advances Read more
Boresha Loan
Loan Product Boresha Loan Boresha Loan It’s a business loan given three times business deposits. First loan is up to a maximum ksh100,000 and subsequent loan It’s a business loan given three times business deposits. First loan is up to a maximum ksh100,000 and subsequent loan is upto ksh700,000. Repayable daily, weekly or monthly in
Maisha Bora Bima Loan
Loan Product Maisha Bora Bima Loan Maisha Bora Bima Loan Available for members with Farm incomes, and businesses who would wish to utilize it for insurance premium payment to recognized insurance companies like N.H.I.F, C.I.C e.t.c. Interest of 1% p.m. Repayable within 12 month the members should have been operating FOSA accounts for at least
Msingi Loan
Loan Product Msingi Bora Loan Msingi Loan Available to individual members with registered business who meet the requirements, Minimum amount available Ksh. 10,000. repayment period 12 months to 36 months depending on loan amount. Requirements Must have been a member in the Society for at least 4 months, must be fully guaranteed, dully filled application
Daima Development Loan
Available to permanent and pensionable salaried employees. It’s strictly Check off system loan and before the loan is issued an active M.O.U with the employer should be in place. Repayable in 48-60 months.
Salary Development loan
Available only to salaried employees, who meet the requirements; it’s strictly Check off system loan and before the loan is issued an active M.O.U with the employer should be in place. Repayable in 48-60 months
School Fees Loan
Loan Product Salary Development loan Salary Development loan Available only to salaried employees, who meet the requirements; it’s strictly Check off system loan and before the loan is issued an active M.O.U with the employer should be in place. Repayable in 48-60 months Requirements Must have been a member in the Society for at least
Normal Crop/Salary/Maziwa Loan
Loan Product Normal Crop/ Salary/Maziwa loan Normal Crop/Salary/Maziwa Loan Available for farmers and salaried members, It’s based on three times the deposit with the Society but subject to repayment ability with interest rate of 12% p.m. Repayment period is between 12-36 months. Requirements Must have been a member in the Society for at least 4
Special Crop/Salary/ Maziwa Advance
Loan Product Special Crop/Salary/ Maziwa Advance Special Crop/Salary/Maziwa Advance Available for Farm incomes, salaried employees and businesses, Interest of 2.0% P.M and is repayable in a period not more than 6 months, Available to customers with regular income/ salaried, Repayable in six equal installments. Requirements Must be fully guaranteed, and dully filled application form, for
Super Crop/Salary/Maziwa Advance
Loan Product Super Crop/ Salary/ Maziwa Advance Super Crop/ Salary/ Maziwa Advance Available for Farm incomes, salaried employees and businesses, Interest of 3.33% P.M and is repayable in a period not more than 3 months, Available to customers with regular income/ salaried, Repayable in three equal installments, Maximum loan is ksh.100,000.00. Requirements Must be fully
Crop/Salary/Maziwa/Inua Advances
Loan Product Crop/Salary/Maziwa/ Inua Advances Crop/Salary/ Maziwa /Inua Advances Available for Farm incomes, salaried employees and businesses, Interest of 5% p.m. Repayable within 1 month (one instalment), Available for members operating FOSA accounts, Maximum of 2/3 of income. Requirements. Must be fully guaranteed, Payments must be channeled through FOSA Account for at least 3 months,