FOSA Twiga Loan
- Repayment will be through check-off or salary passing through FOSA.
- Loan must be fully guaranteed by 6 guarantors.
- Maximum Loan amount is KES.1,200,000.
- The interest rate is at 13.5% per annum up to a maximum of 48 months.
- The Loan applicant on approval, must open a Twiga Savings Account and undertake to save a minimum of Kshs.1,000 or 0.5% of the Loan amount approved, whichever is higher.
- Appraisal Fee of 1% of the Loan will be recovered on approval together with insurance fee of 1% of the Loan granted.
