Fosa
Special Crop/Salary Advance
Special Crop/Salary Advance
Characteristics
1.Interest of 2% per month
2.Available for members-salaried and farmers
3.Repayable in 6 months
4.Kes 200 risk Management Fee for loans less than Kes 20,000 and 1% for loans above Kes 20,000
5. form fee of Ksh. 50
6.max 2/3 of Net pay x 6 months
Requirements
1.Maximum Six (6) guarantors
2.Salary must be channeled through FOSA Account for at least 3 months
3.The advance application form must be endorsed by the employer
4. Attached payslip & ID copy
5.Dully filled application form
