We are pleased to announce and update all our customers/members that we have revised our interest rates and terms on our BOSA and FOSA loan products, as indicated below :-

1. Uhuru loan (60 months) 

Reduced the interest rate from 1.9% to 1.2% per

month on amortization. Uhuru loan has been renamed Fosa Daima Loan.

2. FOSA Flex Loan (48 months) 

Reduced interest rate from 1.75% to 1.2% per month on amortization.

3. FOSA Fahari Loan 

Reduced the interest from 1.65% to 1.2% per month on amortization. Loan term revised to 36 months.

4. Top up on Fosa Daima, Flex and Fahari loans to attract a commission on 5% on outstanding balance. (Applicable to new loans granted at 1.2 % interest).

5. Fosa flat rate top up commission 

Reduced from 8% to 5% on outstanding balance to enable members migrate to the new rates. (Applicable to FOSA Flex loans outstanding before 1/12/2016).

6. A member can access all FOSA loan products at the same time subject to repayment ability provided that total loans at FOSA do not exceed

Kshs.2,000,000/-. A maximum limit of Kshs. 1.0 million has been removed.