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




  • Maximum overdraft granted is half the net pay in the FOSA account.

  • Loan is advanced after 15th day of every month and is fully recovered upon receipt of that month pay.

  • Interest rate of 5% payable upfront with a minimum charge kshs 200.

  • Loan penalty of 20% per month shall be charged in case of default.

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