Fosa
Booster Loan
Booster Loan
Characteristics
1.Issued to offset loans so that a member can get a new higher loan.
2.Interest of 2%.
3. Transfer fee Ksh. 50.00.
4. To be cleared once the new loan issued.
5. Given to members.
6. Within the repayment. period & should apply for a booster.
Requirements
1. For a member to offset existing normal loans he/she must have repaid 75% of the existing loan.
2. Dully filled booster loan form.
3. Attached to the main loan form.
