MSME Loans

Individual (Binafsi)

This product is available for individual business people with;

  • Savings for a minimum of six (6) months
  • Four (4) times deposits which attracts affordable Interest rates.
  • 1st loan Repayment period is 12 – 48 Months.
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a) Chama Loan

This Product is for Self-help groups, Associations, and Chamas.

Features of Chama Loan;

  • Group to open FOSA account.
  • Group to be trained for 2 Months/four consecutive meetings.
  • Members to start saving Micro Savings as they are being trained.
  • Maximum loan is subject to a multiplier of 5 times Micro shares.
  • Group should have a project or common goal.
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b) Pamoja Loan

A group with membership of 5 -15 members. A mandatory savings of Ksh. 1000 weekly per member for a minimum of two months.

Interest charged is 14% per annum flat rate. Requirements are as follows:-

  • Registration certificate and by- laws of the group.
  • ID photocopies and passport size photos of officials.
  • Registration fee of Kshs. 300.
  • The loan is granted in levels i.e. 1st level Kshs.20,000/-.
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c) Individual (Binafsi)

This product is available for individual business people with;

  • Registered premises/Companies.
  • Savings for a minimum of six (6) months
  • Four (4) times deposits which attracts affordable Interest rates.
  • 1st loan Repayment period is 12 – 48 Months.
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d) Chapchap Loan
  • Available for Boda Boda operators five (5) times the savings.
  • 1st loan maximum repayment period – 1 Year.
  • Affordable low-Interest rate.
  • Minimum saving period – Six (6) months.
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e) Muwa Loan

  • Available for sugar cane farmers and intermediaries.
  • Affordable low-Interest rate.
  • The repayment period is 12 Months.
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f) Soko Loan / Soko Poa

  • Available for market vendors who have consistent savings.
  • Must have an active FOSA account.
  • Affordable Interest rate.
  • Repayment period – Soko Loan – 7 days.
  • Soko Poa – 1 month.
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Kilimo Advance
  • Must have an active FOSA account.
  • Affordable Interest rate.
  • Maximum repayment period 10 months.
  • Farm payout for a minimum of 4 months.
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Kilimo Loan

  • Must have an active FOSA Account.
  • Affordable Interest rate.
  • Repayment period 12 – 24 Months.
  • 5 % Net loan to FOSA account retained as Kilimo deposits.
  • Must have channeled farm payout for at least 4 months.
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Asset Financing

  • Available to members who want to own assets i.e. tractors, pick-ups, etc.
  • Members save ¼ the price of the asset to be retained as micro-savings.
  • Maximum repayment period: 48 months
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j) Kahawa Products-Available to Coffee farmers
j) Kahawa Products-Available to Coffee farmers

Cherry Picking Advance

  • 12 months repayment period.
  • One must be a member of FCS and farmers borrow through FCS.
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Parchment Advance

  • 12 months repayment period.
  • One must be a member of FCS and applied when members await payment from marketers.
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Farm Input Loan

  • Available to coffee farmers.
  • 12 months repayment period.
  • One must be a member of FCS and farmers borrow through FCS.
  • 4 times micro-savings.
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Purchase of Water Tanks
  • Available to members who want to own water tanks.
  • Members save ¼ the price to be retained as micro-savings.
  • Maximum repayment period: 12 months.
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Home Purchase Loan

  • Available to members who wish to purchase single-dwelling units.
  • Repayment period of 25 years for salaried members.
  • Minimum share capital & long-term deposits of more than Kshs. 120,000.
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Mortgage Loan

  • Available to members who wish to build single dwelling units.
  • Repayment period of 25 years for salaried members.
  • Minimum share capital & long-term deposits of more than Kshs. 300,000.
  • Interest is charged on disbursed amount only.
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