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Wevarsity Plaza, Kakamega

Loan Products

Loans Offered

Maximum of three times member’s deposits subject to entitlement.
Repayment period is within 36 months.
Interest rate is on reducing balance
2/3 rule applies

Maximum loan is four times member’s deposits.
Repayment period is within 48 months.
Interest is on reducing balance.
Loan granting is subject to availability of funds.
2/3 rule applies.

Maximum of Kshs. 600,000 subject to entitlement.
Repayment period is within 24 months
3 times deposits.
Interest is on reducing balance.
2/3 rule applies.
Subject to availability of funds.

Is a refinance to enable members complete their projects that are in progress.
Done on Normal and Development loans subject to availability of funds.
Member must have repaid initial loan for least 25% of the period.
The repayment period is 60 months.
Interest is on reducing balance.
Total amount must not exceed 4 times member’s deposits.
2/3 rule applies.

Maximum of Kshs. 200,000 subject to entitlement.
Repayment period is within 12 months.
Interest is on straight line basis and is charged upfront.
2/3 rule applies.

Maximum of Ksh 150,000 subject to entitlement.
Repayment period is 10 months within a calendar year.
Interest is on straight line and interest is charged upfront.
2/3 rule applies.

Maximum of Kshs. 50,000 subject to entitlement.
Repayment period is within 10 months.
Interest is on reducing balance.
2/3 rule applies.

Suitable for the new members of the sacco, newly employed to help them settle.
Also available for old members who are relocating to new premises.
For newly employed, one must become a member first by filling an application for membership form.
The loan form plus proof of employment and ID copy accompany the application for membership form.
The Sacco admits one into membership and allocates a member number which is filled in the loan form.
Maximum of Kshs. 40,000 subject to one’s ability to repay.
A quarter of the loan amount i.e Ksh 10,000 to be used to boost deposits for members whose deposits are lesss than 10,000.
Repayment period is within 4 months.
Interest is 5% per month on the initial principal.
Interest is charged on a straight line method upfront.

One must be a member in BOSA.
Maximum of Kshs. 600,000 subject to ability to repay.
Repayment period is within 24 months.
Interest is on reducing balance.
One must be a FOSA salary earner for at least 3 months.
At least Ksh 1,000 must remain after servicing of loan as member’s net pay.

Maximum of Ksh600,000 subject to ability to repay.
Repayment period is within 36 months.
Interest is on straight line basis.
Deposit multiplier is 5.
20% of the amount applied is transferred to deposits if the member is applying for this product for the first time.
Available in both BOSA and FOSA.

For FOSA salary earners.
One must have earned through FOSA for at least 1 month.
Recovered summarily at the end of the month.
Interest is 10% of the amount advanced.

For FOSA salary earners.
One must have earned through FOSA for at least 3 months.
Repayable in 3 months.
Interest is 15% per month on the initial principal amount.of the amount advanced.

We will always revert in record turn around times, keep talking to us.

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