Fosa
Farm Produce Advance
Farm Produce Advance
Characteristics
1.Available to all members as individuals & institutions operating fosa accounts.
2.Interest of 5% p.m for an amount above Ksh. 4000 & Ksh 200 for an amount below Ksh. 5000
3.Repayable in 1 month(one installment)
4. Form fee ksh. 50
5. Max. 80 % of monthly income
Requirements
1.Three (3) guarantors
2.Tea payments must be channeled through FOSA Account for at least 3 months
3.The Advance is based on anticipated income less other commitments.
