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Business Loan

Product description

Sacco Members should own businesses. This Facility intends to encourage members to own business either as groups or as individuals

Product Features

  • Loan issued 5 times savings. Savings locked as collateral
  • Payable in 24 months
  • Interest @ 1.5% pm on reducing balance
  • Collaterals Include, Guarantors, Title deed, log book accepted
  • Available to Individuals, Chama’s, Corporates with FOSA Account
  • Proof of availability to repay
  • Administration fees apply where collateral is used.
  • Financing LPO’S, Bid Bonds and Business ventures
  • Limit: 50,000 to Ksh 3 million
  • Terms and Conditions apply

Disbursed within an hour of application