Description

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

Features

• Loan issued 5 times Chama savings.
• Savings locked as collateral.
• Repayable in 24 months
• Interest @ 1.5% pm on reducing balance
• Collaterals like title deed, log book accepted.
• Available to individual, 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 3M
• Terms and Conditions apply
• Disbursed within an hour of application