Business Loan

Product description

This product assists Sacco Members to 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 like title deed, log book accepted
  • Available to Individuals, Chama, Corporate 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 Kshs. 3 million
  • Terms and Conditions apply
  • Disbursed within an hour of application
  • Processed within 7 working days