The product is designed for members who have exhausted their deposits borrowing ability but have capacity to repay through payroll.
- Loan is repayable within a maximum of 3 years
- Interest rate of 14.5% per year on a reducing balance
- Proof of ability to pay through payroll.
- Maximum aggregate amount of loan outstanding for all Fosa loans at any one time must not to exceed Ksh.1.0 million.