FOSA PRODUCTS
Instant Plus Loan
Maximum of Ksh600,000 subject to ability to repay
Repayment period is within 36 months
Deposit multiplier is 5.
Available in both BOSA and FOSA
ATM Services
For all members.
ATM cards are applied for at the Sacco at applicable FOSA rates.
Standing Orders
Suitable for both members who earn and those who don’t earn through FOSA but would like to make loan or other payments to the Sacco in addition to the
FOSA plus Loan
One must be a member in BOSA
Maximum of KSh. 400,000 subject to ability to repay
Repayment period is within 24 months
Fixed deposit account
-Minimum of 3 months.
-Account earns 8% per annum.
-Minimum amount to be fixed KSh. 20, 000
Salary Advance
For FOSA salary earners
One must have earned through FOSA for at least 1 month
Recovered summarily at the end of the month
At least a net pay of KSh 1,000 must remain for a member
FOSA Savings Account
Instant Loan
Maximum of Ksh. 50,000 subject to entitlement.
Repayment period is within 4 months
Available in both BOSA and FOSA
Joint Savings Account
– Suitable for groups, organizations etc.
– Account opening is free
– Minimum account balance is ksh.1, 000.00All
signatories must sign during account opening
Personal/Ordinary savings A/C
Account opening is free
Statement of account is issued after every six months or upon request at a fee of ksh.100
