We are a deposit taking Sacco that is regulated by the Sacco Societies Regulatory Authority (SASRA) which closely monitors the financial operations of Sacco’s. It ensures the member’s funds are safe.

VISA cards enables FOSA account holders to access cash in their account any time and from any visa branded outlets. They can also be used to shopping and payment of utility bills at all VISA compliant points.

This is the payment of member’s net pay/salary through the FOSA account. Your employer will remit your net pay into our account which you will access directly from your FOSA account.

Loans recovered through the payslip are subject to 1/3rule limit. However, you can access more credit facilities from FOSA if your salary is paid through FOSA.

Yes. We put you in a class of members we refer to as “Special members”. You will be required to adhere to the Sacco by-laws and regulations. You will keep your account with the Sacco active in regard to monthly share contribution and loan repayment. You will be entitled to same privileges as regular Sacco members within employment.

A person can guarantee a maximum of seven loans subject to the loans held by the Guarantor.

Guarantors are Sacco members who are in permanent employment. Non-permanent staff can guarantee but to the extent of their deposits.

Yes. Dividends are as a result of interest earned/received from loans issued to members. Once they are declared by the board and approved by the AGM, they are distributed to all the persons who were members in good standing with the society as at the close of that financial year, i.e. their contribution and loans are up to date.