Our Products and Services

Member Savings/Deposit

• Minimum monthly deposit: KSh. 500
• Entitles members to loans up to three times their deposits/Savings.
• Earns interest on Member Deposits annually.
• Deposits are reimbursed upon written request, paid after 60 days.

FOSA Savings Account

• Opening fee of Ksh. 500
• Minimum balance 500
• Account holder has access to all credit facilities with flexible terms
• Salary processed through this account.
• Access To Internet/M-banking Services.
• inter-account transfers is Ksh. 50
• Standing orders is Ksh. 200
• Zero Charge Operating account/No ledger fee

Junior Savings Account

• 500/= minimum monthly or periodical lumpsum
• Minimum saving period: 12 months.
• Attracts interest per annum.
• Minimum interest earning balance: Ksh 5,000.
• The account is operated by the parent or guardian (child’s birth certificate is required).
• Full or partial withdrawal is allowed after term maturity (12 months from the fixing date).

Christmas Savings Account

• KSh 500 minimum monthly or periodical lumpsum.
• Withdrawable only in the month of December.
• Minimum saving period: 3 Months.
• Attracts interest per annum.
• Minimum interest earning balance: Ksh 10,000.
• Member to give written instruction in case they want to roll over to a new fixed term.
• Full or part withdrawal allowed after term maturity.

Fixed Deposits Savings Account

• Minimum amount for fixing is Kshs.30,000
• No monthly fees charged
• Interest calculated and paid on maturity. From 3 to 12 months
• No maximum limit
• Earns attractive annual returns of up to 10.5%.
• Roll-Over Option: When your tenure ends, you can seamlessly roll over your principal and interest into a new period.

Group Savings Account

• Ksh 1,000 Account opening.
• Minimum account balance of Kshs.2,500
• The Group to provide minutes authorizing the opening of the account, the names of the signatures and the mandate.
• Provide a current certificate of registration.
• The account to earn interest at the prevailing market rates on savings accounts at the closure of the financial year.

Share Capital

It is a long term investment that gives a member a permanent ownership of the society.

• KSh 10, 000 per member (minimum) payable one-off or in 12 equal instalments.
• Earns dividends annually.
• Shares are transferable to other members upon exit

School Fees Loan

• Caters for primary and secondary fees.
• Maximum Amount: 3 times member’s deposits.
• Maximum period: 12 months.
• Interest charged: 1% p.m. on a reducing balance.
• Loans security accepted: guarantors.
• The fee structure should be attached

Development Loan

• Enables a member to acquire assets & finance other development projects.
• Maximum Amount - 3 times member’s deposits.
• Repayment period - 36 Months.
• Interest charged - 1% p.m. on a reducing balance.
• Loans security accepted: guarantors, title deed

Emergency Loan

• Maximum Amount: 3 times member’s deposits.
• Maximum period: 12 months.
• Interest charged: 1% p.m. on a reducing balance.
• Loans security accepted: guarantors etc.
• Applicant will be required to provide proof of the emergency and attach supporting document.

Advance Loan

• Maximum amount - 70% of Income/Salary.
• Maximum repayment period - 1 month.
• Interest charged - 10% fixed (one off).
• No guarantors required

Special Advance Loan

• Maximum amount - 70 % of three months accumulated Income/Salary.
• Maximum repayment period - 3 month.
• Interest charged - 8% per month.
• Collateral balance of 30%.