BOSA LOAN PRODUCTS

Back Office Services Activities (BOSA) is a department  which offers various loan products against members’ deposits.

Normal/ Development

This product is intended to empower members undertake development projects with long term benefits. 

  • Borrow a maximum of two times member’s deposit
  • Repayable within 36 months
  • Interest is charged at 1.5% per month at a
    reducing balance
  • Should be free from any other loan

Emergency Loan

This is a special product tailored to take care of immediate short term needs that require instant financial remedy.

  • Maximum of 100,000/=
  • Payable within 12 months
  • Interest charged at 1% per month at a reducing balance
  • Supporting documents is always required

School fees/ College Fee Loan

This product helps members takes care for their studies as well as their Children’s school fees without strain.

  • Payable within the calendar year
  • Interest charged at 1% per month at a reducing balance
  • School fees structure should be attached

Masaa Loan

  • Repayable within 4 months
  • Interest charged at 10% on reducing balance.
  • Borrow a maximum of Ksh 10,000.

Biashara Loan

This product helps members to grow or start their own businesses.

  • Borrow a maximum of three times members deposit
  • Interest charged at 1.5% per month at a reducing balance
  • Repayable within 48 Months

Handset Loan

It’s a way of funding members to acquire new phones.

  • Interest rate – 2% on reducing balance.
  • Maximum Kshs 50,000
premier loans

Premier Loan

  • Multiplier – 4x
  • Repayment Period – 60 Months
  • Interest Rate – 1.6% Per Month
  • Any member applying for this loan should have exhausted all other loans
  • Previous loans must be serviced at least 50%

Instant Loan

  • It’s a mobile loan accessible at any time through dialing the ussd.
  • No loan form is required.
  • Maximum Kshs 10,000 at an interest of 8%.
  • Repayment period: maximum 3 months.