FOSA short term loan granted to Sacco members with active jifunze junior account to enable them finance education of their children.




  • 80% school fees to be financed to Maximum amount 100,000

  • Maximum payment period 12 months

  • The loan must be supported by documents

  • Interest rate of 12% flat rate spread over the period.

  • Loan facilitation fee 1%

  • Secured by guarantors,

  • Affidavit 200

  • Jifunze account to be active for at least four month.

  • Min mum account deposit ksh20

  • Minimumaccount balance 200

  • Maxi mum no of withdraw 3

  • Loan advanced should be strictly to the junior welfare

  • Benefit – free bankers cheque

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