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