Loans

We Have Various Loan Products -Click On Each To Learn More...

Features

  • Targets small holder farmers and traders in agribusiness value chain
  • Amount – Up to Ksh. 2 Million
  • Negotiation fee – 3%; Insurance Premium – 1%
  • Very Affordable Interest Rate
  • Repayment – 3- 24 months. Extend to 36 months under special circumstances.

Eligibility

  • Farmers with at least 2 years in the financed agricultural activity.
  • For Tea and Dairy farmers; produce deliveries must be to marketers with MOU with the bank.
  • Evidenced repayment ability
  • 1/3 rule to apply

Collateral

  • Lien over tea/milk deliveries
  • Legal charge
  • Chattels – Business/farm & Household items and equipment.
  • Land title and logbook

Features

  • The milk loan will be based on milk production.
  • The loan amount will be repaid on a monthly basis.
  • An officer shall assess the cows and thereafter write an assessment report.
  • Repayment shall not exceeds 18 months

Eligibility

  • Maximum amount -1 million
  • Loan form must be stamped by Advocate

Collateral

  • Other production such as tea, salary or coffee can be considered as the security.
  • Guarantor for the milk loan should be having   proceeds through the FOSA.
  • Amount exceeding 200k the members should provide security.
  • Amount exceeding 500k the member should have his/her cow’s insured/ provide collateral.

Features

  • Designed to help expand and boost your business.
  • Maximum amount is KES 5,000,000
  • Very Affordable Interest Rates
  • Upfront charges:- Appraisal fee 3%, Application fee 1%, Risk fee 2%
  • Statutory fee 100 and Entry fee 100
  • Repayment period is 3- 24 months. Amount above 4M to be considered for 48 Months
  • Repayment shall be done on weekly and monthly basis.
  • Form must be stamped by commissioner of oath

Eligibility

  • Minimum Sacco share of 4500
  • 3 times multiplier
  • Valid business permit
  • Applicant must have Fosa business account active for at least 3 months
  • Relevant identifications documents and also for guarantors

Collateral

  • Share deposit
  • Amount exceeding 400,000 provide logbook and title deed
  • NSE shares
  • Chattels
  • Good CRB reference
  • Share deposit for guarantors should total the amount of loanee
  • Requisite documentation

Features

  • This is loan meant for daily, weekly or monthly savers who lack established businesses e.g. boda boda riders, mama mboga, matatu drivers etc
  • Maximum amount is KES 100,000
  • Very Affordable Interest Rates
  • Upfront charges:- Appraisal fee 3%, Application fee 1%, Risk fee 2%
  • Statutory fee 100 and Entry fee 100
  • Repayment period is 3- 12 months
  • Repayment shall be done on weekly basis.

Eligibility

  • Minimum Sacco share of 4500
  • 3 times multiplier
  • Applicant must have Fosa business account active for at least 3 months
  • Relevant identifications documents and also for guarantors

Collateral

  • Share deposits
  • Chattels
  • Good CRB reference
  • Share deposit for guarantors should total the amount of loanee
  • Form must be stamped by commissioner of oath

Features

  • The purpose of this loan is to enable groups to acquire loans for wealth creation and welfare activities for members
  • Access to loans ranging from Kshs. 100,000 to Kshs. 2,000,000
  • Loan term is up to 2 – 3 years.

Eligibility

  • Certified Copy of Constitutional/Rules/By-laws
  • Certified copy of Certificate of Registration or Exemption Certificate
  • Certified copy of Board Resolution for companies
  • List of Registered Officials
  • Certified copies of ID or Passport and PIN of Officials and/or Signatories
  • Have maintained an active account with County Sacco for a period of 6 months

Collateral

  • Land Titles, Sacco Deposits, Guarantors, Certified fixed deposits, Movable assets acceptable as security by the Sacco.

Features

  • This is meant for salaried members whose salary payout is channeled through County Sacco
  • Maximum amount is KES 2,000,000
  • Very Affordable Interest Rates
  • Upfront charges:- Appraisal fee 3%, Application fee 1%, Risk fee 2%
  • Stationary fee 100 and Entry fee 100
  • Repayment period is 1- 60 months
  • Repayment shall be done on monthly basis.

Eligibility

  • Minimum Sacco share of 4500
  • 3 times multiplier
  • Salary to be paid and channeled via county Sacco
  • Applicant must have Fosa account active for at least 3 months
  • Relevant identifications documents and also for guarantors
  • Assessment shall be 50% of the net pay times period

Collateral

  • Share deposits
  • Chattels
  • Good CRB reference
  • Share deposit for guarantors should total the amount of loanee and authority from the employer
  • Form must be stamped by commissioner of oath
  • Loan above 300k should provide tangible security.

Features

  • This targets people in a micro – enterprise and small enterprises who form a micro- enterprises group.
  • Amount – Up to Ksh. 1,000,000
  • Stationary 100, Entry fee 100,
  • Upfront charges; Appraisal 1%, Application 1%, Risk 3%.
  • Very Affordable Interest Rates on reducing balance
  • Repayment – Up to 24 Months

Eligibility

  • Group must be registered
  • One must have contributed for at least 2 months
  • A duly completed loans application form
  • A copy of the members national identity card
  • One fifth (1/5) rule is applicable

Collateral

  • Micro deposits
  • Chattels
  • Loans to be guaranteed by all the group members.
  • Loan above 400k tangible security is required

Features

  • This loan is meant for members with dully paid up Cooperative Bank Class A shares.

Eligibility

  • Fully paid up

Features

  • The loan is acquired through mobile banking platform by dialing *879#
  • The repayment period shall be 1month
  • The loan is processed instantly
  • Very Affordable Interest Rates
  • Maximum Ksh. 5,000/=

Eligibility

  • The ability to qualify shall be electronically assessed

Features

  • Access to loans ranging from Kshs. 100,000 to Kshs. 2,000,000
  • Certified of Constitutional/Rules/By-laws
  • Certified copy of Certificate of Registration or Exemption Certificate
  • Certified copy of Board Resolution for companies
  • List of Registered Officials
  • Certified copies of ID or Passport and PIN of Officials and/or Signatories

Eligibility

  • Have maintained an active account with County Sacco for a period of 6 months
  • Loan term is up to 2 – 3 years.
  • Provide security, options include: Land Titles, Sacco Deposits, Guarantors, Certified fixed deposits, Movable assets acceptable as security by the Sacco.
  • You need to be a Sacco member.
  • A duly completed loans application form.
  • Should be running a business or group involved in table banking or a project that is generating income.
  • Willing to undergo financial training prior to dispatch of loan
  • Ability to repay the loan
  • Free financial and investment advisory/training
  • 3 Times multiplier rule will be observed.
  • Minimum Sacco share of Ksh. 4,500
  • The sacco purchases goods on behalf of the members
  • Members pay 70% of the total price.
  • Sacco loans 30% of total price to member
  • The item is offered as a security to the loan
  • Minimum of 3 guarantors.
  • Minimum of 3 months membership.
  • Include Motorbikes, water tanks, chuff cutters, etc