Salary Advance
Salary advance is a credit facility available to SACCO members whose salary passes through the FOSA and it is given on demand. It is paid through the salary by recovering from the FOSA account when the salary is processed. It can also be paid through cash if the customer wishes or if the salary fails. […]
TN Overdraft Facility
It is a credit agreement made with TN SACCO that permits private and public institutions who have collection account in the Sacco to access more than they have in their account, without exceeding a specified overdraft limit. The overdraft facility offered by TN Sacco can help institutions with short term cash flow problems. It is […]
Okoa Salary Advance
This is a credit facility available to SACCO members whose salary passes through the FOSA and it is given on demand. It is paid through the salary by recovering from the FOSA account when the salary is processed. It can also be paid through cash if the customer wishes or if the salary fails. Conditions […]
Mkulima Advance
Mkulima advance is a product given to farmers who channel their monthly farm produce payment through TN FOSA. These include; • Dairy farmers • Tea farmers • Coffee farmers Requirements 1. Channel ones farm produce payments through TN Sacco 2. Fill a form which should be guaranteed by the society and TN Sacco members. 3. […]
Jitegemee FOSA Loan
This is the product given to members with special accounts in FOSA Such as Tusomeni account, Teens account, Mstaharabu account and Fixed deposit account. The amount given as a loan should not exceed 80% of the amount in the special account. Other attributes No processing fee will be charged on the loan. Maximum period shall […]
Institutions Loan
This is a credit facility given to private and public institutions which have collection account with the TN Sacco. Conditions • It must be institution, private or public.• The account to be considered must be a collection account.• The signatories of the account must be not less than 2.• To be considered for the facility […]
FOSA Loan
This is a credit facility available to SACCO members whose salary passes through the FOSA and it is given on demand. It is paid through the salary by recovering from the FOSA account when the salary is processed. It can also be paid through cash if the customer wishes or if the salary fails. The […]
Dividends In Advance
This is a product given to all members who qualify for dividend/interest on deposits for that particular year. Conditions. Attractive interest rates Advance amount limited to 7% of the eligible amount Rates determined by management from time to time Policy reviewed annually The rate of determining dividend in advance shall be determined by management from […]