Fosa
Salary Loan
Salary Loan
Characteristics
1.Available for salaried customers only who meet requirements
2. Repayable in 12 equal monthly installments
3.Interest rate of 14.5% straight line
4.1% risk fund & appraisal fee
5.Form fee of ksh.100
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.
