Short term loan granted to employee whose salary is processed in centenary FOSA account.

 

LOAN FEATURES

 

  • Maximum loan granted is 2/3 of net pay in the FOSA account times 5subject to 2/3 rule of total deduction.

  • Maximum repayment period is 6 months.

  • Affidavit fee of 200.

  • Cr b referencing of kshs 200.

  • Loan guaranteed by employees who are members of the Sacco and their salary processed through the Sacco.

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