Loans Products

Loans Products

AFYA KUBAMBA LOAN

  • Repayment period is 60 months.
  • Four times the member deposit

AFYA HOLIDAY SAVINGS

  • A member saves from Jan to Dec for the holiday
  • The amount is given the member in Dec to help sort the holiday financial stress.

AFYA MWALIKO LOAN

This is for new members who are between 2 to 6 months in check off contribution to the Sacco. The product is meant to welcome new members in the Sacco. Members can get loans in 2 months after joining the Sacco Maximum loan will be Ksh 300,000 and retain 10% loan value

Key features

  • The maximum repayment period is 12 months.
  • Fully guaranteed.
  • Members need to pass the salary through FOSA.

SHARIAH COMPLIANT LOAN

Available to all Muslim members

Key features

  • Two times the member shares
  • Repayment period Is 36 Months
  • No interest is charged on the loan.
  • A processing fee of 10% on the applied amount is charged.