This product assists Kimisitu Sacco Corporate Members finance their business or trade needs.
- Given up-to * 4 of FOSA savings
- Monthly repayments up-to a maximum of 36 Months
- Interest of 13% p.a.
- Security: Loan MUST be fully secured by a conventional collateral e.g. Title Deed, Guarantorship, Fixed Deposit certificates or logbooks.
- FOSA deposits to be held in lien as additional collateral for the loan
- 3 years audited financial statements
- 6 Months FOSA statements
- Demonstrated business records/working business plan
- Business licenses and permits
- Member MUST have operated account for 6 Months