| NO | PRODUCT | REQUIREMENTS | INTEREST RATE | REPAYMENT PERIOD |
|---|---|---|---|---|
| 1 | FOSA PRIDE | Operate account in Fosa Monthly salary must have passed through Fosa for 3 months The Loan shall be credited to FOSA account 2 days after reciept of Loan form Net salary must cover loan repayment and interest and retain a take-home of Ksh 2000/= Maximum loan of Ksh 500,000/= | 10.80% p.a (Straight Line) | 24 months |
| 2 | PRIDE RELOADED | Operate account in Fosa Loan granted 3 times saving in pride saving account. Minimum of 5 guarantors Loan shall be credited to FOSA account 14 days after the receipt of loan application Maximum loan of Ksh. 1,000,000/= | 12 % p.a (Straight Line) | 36 months |
| 3 | SALARY ADVANCE | Operate account in Fosa. Monthly salary must have passed through Fosa for 3 months. Qualifies for 80% of the net salary. Interest is recovered upfront. | 13% per annum recovered upfront | 12 months |
| 4 | SALARY IN ADVANCE | Operate account in Fosa Monthly salary must have passed through Fosa for at least 3 months. Maximum amount accessible is equal to net salary | 5% per month recovered upfront | Repayable within 1 month |
| 5 | BIASHARA LOAN | Issued to members who have saved through Mwananchi account. Granted up to four times savings in Mwananchi account to a maximum of Kshs. 500,000/= Repayment through FOSA standing orders. Loan can be refinanced at 20% | 1.5% per month. 1% appraisal fee 1% insurance fees | Repayable in 24 to 36 months |
| 6 | FOSA CHAMA LOAN | Issued to those who have saved through Group Account. Granted to a minimum of Kshs.500, 000, repayable in 12 months at an interest rate of 1.5% per month. Repayment through FOSA standing orders. Loan can be refinanced at 20% | 1.5% per month. Appraisal fees of 1% will be recovered. Insurance fees of 1% | Repayable in 24 months |
| 7 | FOSA SCHOOL FEES | The maximum amount is Ksh. 150,000 Mode of payment is Ksh. 20,000 cash and the rest is free bankers cheque to the school | Interest rate is 1.20% per month on straight line | Maximum repayment period is 15 months |
| 8 | FOSA ANGALAU | Eligible to those whose salary pass through fosa but can’t qualify for a loan in the back office The maximum amount is Ksh. 20,000 | Interest rate is 15% recovered upfront on straight line method | Maximum repayment period is 2 months |
| 9 | UCHUMI LOAN | Must be a Uchumi saving account holder Must operate the account for 4 months to qualify for the loan Maximum loan is 1.5 times the balance in Uchumi account Can only access 50% of the saved amount after the loan is granted Can be repaid by either standing order from Uchumi account or direct cash payment or PayBill no: 638018 | Interest rate is 12% charged upfront Insurance charge is 12% upfront | Maximum repayment period is 6 months |
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