Settlement Loan


Repayment period: 15months

Interest :1.5% per month on reducing balance;1.25% if earning in FOSA

Maximum amount: Kshs 80,000.00

1 witness (The Employer)

One guarantor(minimum)

30% of the loan to be retained as deposits where deposits are inadequate

Check off recovery

Eligibility: one month’s remittance must have been received.

Target: New members

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