• +254 707 124 360
  • Wevarsity Plaza, Kakamega

Loan Products

Loans Offered

  • Maximum of three times member’s deposits subject to entitlement.
  • Repayment period is within 36 months.
  • Interest rate is on reducing balance
  • 2/3 rule applies
  • Maximum loan is four times member’s deposits.
  • Repayment period is within 48 months.
  • Interest is on reducing balance.
  • Loan granting is subject to availability of funds.
  • 2/3 rule applies.
  • Maximum of Kshs. 600,000 subject to entitlement.
  • Repayment period is within 24 months
  • 3 times deposits.
  • Interest is on reducing balance.
  • 2/3 rule applies.
  • Subject to availability of funds.
  • Is a refinance to enable members complete their projects that are in progress.
  • Done on Normal and Development loans subject to availability of funds.
  • Member must have repaid initial loan for least 25% of the period.
  • The repayment period is 60 months.
  • Interest is on reducing balance.
  • Total amount must not exceed 4 times member’s deposits.
  • 2/3 rule applies.
  • Maximum of Kshs. 200,000 subject to entitlement.
  • Repayment period is within 12 months.
  • Interest is on straight line basis and is charged upfront.
  • 2/3 rule applies.
  • Maximum of Ksh 150,000 subject to entitlement.
  • Repayment period is 10 months within a calendar year.
  • Interest is on straight line and interest is charged upfront.
  • 2/3 rule applies.
  • Maximum of Kshs. 50,000 subject to entitlement.
  • Repayment period is within 10 months.
  • Interest is on reducing balance.
  • 2/3 rule applies.
  • Suitable for the new members of the sacco, newly employed to help them settle.
  • Also available for old members who are relocating to new premises.
  • For newly employed, one must become a member first by filling an application for membership form.
  • The loan form plus proof of employment and ID copy accompany the application for membership form.
  • The Sacco admits one into membership and allocates a member number which is filled in the loan form.
  • Maximum of Kshs. 40,000 subject to one’s ability to repay.
  • A quarter of the loan amount i.e Ksh 10,000 to be used to boost deposits for members whose deposits are lesss than 10,000.
  • Repayment period is within 4 months.
  • Interest is 5% per month on the initial principal.
  • Interest is charged on a straight line method upfront.
  • One must be a member in BOSA.
  • Maximum of Kshs. 600,000 subject to ability to repay.
  • Repayment period is within 24 months.
  • Interest is on reducing balance.
  • One must be a FOSA salary earner for at least 3 months.
  • At least Ksh 1,000 must remain after servicing of loan as member’s net pay.
  • Maximum of Ksh600,000 subject to ability to repay.
  • Repayment period is within 36 months.
  • Interest is on straight line basis.
  • Deposit multiplier is 5.
  • 20% of the amount applied is transferred to deposits if the member is applying for this product for the first time.
  • Available in both BOSA and FOSA.
  • For FOSA salary earners.
  • One must have earned through FOSA for at least 1 month.
  • Recovered summarily at the end of the month.
  • Interest is 10% of the amount advanced.
  • For FOSA salary earners.
  • One must have earned through FOSA for at least 3 months.
  • Repayable in 3 months.
  • Interest is 15% per month on the initial principal amount.of the amount advanced.

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