Minimum of 3 monthsAccount earns 8%per annumMinimum amount to be fixed Ksh.20, 000N/B All FOSA Loans given are subject to employer’s ratification (salaries section)
Suitable for groups, organizations, etcAccount opening is freeMinimum account balance is Ksh.1, 000All signatories must sign during account openingWithdrawal mechanism must be well outlined by account holders
For FOSA salary earnersOne must have earned through FOSA for at least 1 monthRecovered summarily at the end of the monthAt least a net pay of Ksh.1, 000 must remain for a member
Maximum of Ksh.100, 000 subject to ability to repayRepayment period is within 5 monthsAvailable in both FOSA and BOSA
