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