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 70% of the amount in the special account.
- No processing fee will be charged on the loan.
- Loan interest shall be 5% of amount approved recovered upfront.
- Maximum period shall be 12 months.