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.