Loans

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