PRODUCTS

• For members who channel their salary through the FOSA .
• Repayment period is 72 months with an interest of 1.08% per month on reducing balance.
• A minimum of Ksh 2500 must be left in the account after deductions.
• Top-up commission of 5% is charged.

• Loan accesible to all active members
• Maximum loan amount of 5,000.
• Repayment period is within 30 days.
• Incase of default the amount to be automatically from deposits.
• Incase of default member will be barred from the product for 6 months.
• Accessible via USSD and Shirika App.
• Interest rate is 6% one off recovered upfront.
• Repayment is member driven  via Paybill, Bank transfer or FOSA Transfer

• Interest charged will be 1.5% per month on reducing balance
• Security is the asset to be purchased. It is owned by the Sacco and the member jointly through an agreement.
• Repayment period is 5 years.
• Sacco to finance up to 80% of the value.
• Maximum loan is Kshs. 3,000,000.

• This is a product for retired society members who process their pension through the FOSA or place an irrevocable standing order with the bank.
• Security for the loan is title deed for commercial property or fully guaranteed by members in check off system. Deposit multiplier three times the deposit. Interest rate 1% per month ,repayment period 48 months.

• Applicable to Sacco Members only.
• A duly completed loans application form.
• Business assessment report by a credit officer.

They contribute Ksh. 300 per month.

The fund covers premiums for Loan Guard Insurance Policy with the CIC.

• Insurance  pays to beneficiaries KSh.200,000 to cover the funeral expenses for Fund members who pass on.
• It clears outstanding loans of the member who has passed.
• Deposits Refunded in full to the next of kin of the deceased.
• Covers burial expenses for one spouse at (KSh.130,000), for each child at (Ksh. 100,000) . It is also important for members to keep this information updated.