Fosa
Crop Advance
Crop Advance
Crop Advance
Characteristics
1.Available only for member who meet
requirements
2.Interest of 5% p.m for an amount above Ksh.
5000
3.Repayable in 1 month(one installment)
4.Available for members with fosa accounts
5. Available to members who want to pay
salaries to employees/farmers .100% utilized
internally.
6.Form fee of Ksh. 50
7.Maximum 80% of income
8. Maximum limit 10 million
Requirements
- Maximum six(6) guarantors
- Crop proceeds must be channelled through FOSA Account for at least 3 months
- Dully filled application form