FOSA Loans

a) Short term Advances (1 month)

This credit facility allows members to solve problems that involve small money such as rent and school fees. It targets individuals whose salaries are channeled through FOSA Accounts.

  • Eligibility: 90% of the net salary.
  • Repayment: 1 Month.
  • Interest Rate: 10%.

b) Long term Advances (6 months)

This credit facility enables our members to meet the financial obligations, which require money, which is more than one’s salary. It target individuals whose salaries are channeled through FOSA Accounts.

  • Eligibility: 4 Times one’s net salary.
  • Repayment: 6 Months.
  • Interest Rate: 14%.

c) Inua Loan (24 months)

This loan product targets individuals whose salaries are channeled through a FOSA Account.

  • Eligibility: 5 Times FOSA non-withdrawal deposits
  • Repayment Period: 24 Months.
  • Interest Rate: 14% p.a.
d) Daraja Loan (36 months)

This loan product targets individuals whose salaries are channeled through a FOSA Account.

  • Eligibility: 3 Times FOSA non-withdrawal deposits
  • Repayment Period: 36 Months
  • Interest Rate: 14% p.a.